StockMarketWire.com - Energy services firm Wood said it had secured a new contract worth up to $1bn to provide engineering design services to the Sellafield nuclear site over the next 20 years.

The company was selected as design and engineering partner at Sellafield as part of the new Programme and Project Partners (PPP) procurement model.

Wood said it would provide the front-end design and engineering capability and services required to deliver a portfolio of major projects and site-wide project delivery improvements.

Working with Sellafield Ltd as fifth partner, the PPP lot partners would deliver multiple capital projects with a combined value of up to $6bn across the Sellafield site, Wood said.

"This is a fantastic endorsement of Wood's ability to meet the most complex nuclear decommissioning challenges. We already have a deep, shared history with Sellafield and this new appointment provides a platform for us to assist with safe and secure operation and clean-up over the next two decades," said Bob MacDonald, CEO of Wood's Specialist Technical Solutions business.


At 9:42am: [LON:WG.] John Wood Group PLC share price was -7.65p at 438.95p



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