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Wood Group managing director Dave Stewart. Image courtesy of Wood Group PSN/Youtube.

UK-based service player Wood Group won a five year contract with BP Wednesday worth $750 million for work at onshore and offshore UK assets.

Wood Group PSN (WGPSN) will deliver engineering, procurement and construction services to six UK continental shelf offshore upstream assets and the Forties Pipeline System onshore midstream facilities in Grangemouth, Scotland.

The contract is effective January 2015 and will create 150 new jobs while securing more than 700 existing positions.

The deal is the company’s largest contract award in 2014 and includes an option for two, one year extensions.

WGPSN already provide engineering, procurement and construction services for six BP offshore assets: Clair, Magnus, ETAP, Andrew, Bruce, and the Glen Lyon FPSO currently being constructed.

“Providing this combined service across upstream and midstream operations for the first time positions us well for continued excellence in delivering safe, collaborative and innovative services directed at maximizing productivity and efficiency across BP’s assets in the UK,” WGPSN managing director Dave Stewart said.