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Wood Group cashes in on North Sea work

WOOD Group said it has continued to cash in on strong activity levels in the North Sea and highlighted the appeal of the expanding unconventional oil and gas market in the US.

In an update on trading, the Scottish oil services giant said the engineering division is particularly active on subsea and pipeline activity in the North Sea where majors are developing some giant new projects.

The Aberdeen-based company said growth in the division that works on existing facilities, Wood Group PSN, has been underpinned by a strong performance in the North Sea.

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