Wood Group will be safeguarding the jobs of more than 500 North Sea workers.
Yesterday, the company signed a £150m contract with Chinese state-owned Nexen which will enable Wood Group to secure 190 North Sea jobs over the next five years.
This deal follows a new three-year contract with Shell to assist the company with delivering industrial services to gas processing plants in Aberdeenshire and Scotland.
These deals come as a positive sign to oilfield service workers who have been heavily effected by the plunging market prices.
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