New contracts

Wood Group (John) PLC
08 September 2003

8 September 2003


          Wood Group announces $100 million of new long-term contracts

John Wood Group PLC ('Wood Group') announces today two $50 million long-term
contracts, one in Well Support and one in Gas Turbine Services.

In Well Support, Wood Group ESP has been awarded a five-year, $50 million
pay-for-performance contract to supply electric submersible pumping systems and
services to Repsol YPF in Argentina.

Terms of the contract include the maintenance and repair of more than 265 pumps
currently owned by Repsol YPF, and the installation, maintenance and repair of
approximately 430 new units from Wood Group ESP.  The pumps will be located in
Mendoza, Chubut and Santa Cruz provinces.

'Repsol YPF is one of the largest users of electric submersible pumps in
Argentina, and has been a valued client since 1998,' explained Joe Brady,
chairman, president and chief executive officer of Wood Group ESP. 'We're
delighted to receive this award, which demonstrates Repsol YPF's confidence in
our ability to deliver longer running pumps, reduced costs and improved field
performance.'

Repsol YPF is Argentina's leading oil company and has proven reserves of 5.3
billion BOE, mostly in Latin America, the Middle East, and North Africa.

In Gas Turbine Services, TransCanada Turbines (TCT), a Calgary-based joint
venture between Wood Group and TransCanada Pipelines, has also won a $50
million, eight-year Long Term Service Agreement with a leading US Power utility,
for the maintenance of General Electric and Rolls-Royce gas turbines.


                                   -  ends  -

Notes to editors:

Wood Group is an international energy services company with more than $1.7bn
sales, employing more than 12,000 people worldwide and operating in 34
countries.  The Group has three businesses-Engineering & Production Facilities,
Well Support, and Gas Turbine Services-providing a range of engineering,
production support, maintenance management and industrial gas turbine overhaul
and repair services to the oil & gas, and power generation industries worldwide.

Wood Group ESP is a leading service provider and manufacturer of electric
submersible and surface pumps.  Focusing on SmartSolutions(R) for its clients,
Wood Group ESP provides cost-effective solutions tailored to the needs of oil
producers throughout the world.  With facilities in the Middle East, Far East
and Latin America, as well as several in the United States and Canada, Wood
Group ESP focuses on adding real value to customer assets with testing, service
and surveillance coupled with cutting-edge engineering.

Wood Group Gas Turbine Services is a leading world-wide independent provider of
maintenance, repair and overhaul services for gas turbines, steam turbines,
generators, and other high-speed rotating equipment, including pumps and
compressors.  The company also repairs gas turbine accessories and components
for industrial and aero customers.

TransCanada Turbines is an OEM-licensed maintenance, repair and overhaul
facility for General Electric LM2500, LM2500+ and LM6000, and Rolls-Royce Avon
and RB211 industrial aero-derivative gas turbines.  The Calgary-based company is
a joint venture between Wood Group and TransCanada Pipelines.



For further information contact -
Carolyn Smith, Corporate Communications Manager, Wood Group -
Tel: [phone]
Mobile: [phone]
Email: [e-mail]


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