BP : Trading update for the six months to 30 June 2016

30 June 2016

John Wood Group PLC ('Wood Group' or 'the Group'), issues the following
pre-close trading update for the six months to 30 June 2016.  Results for the
first half will be released on 16 August 2016.

Trading performance

We expect financial performance in the first half of 2016 to demonstrate the
benefits of: our asset light, predominantly reimbursable business model; our
attention to management of utilisation; and significant overhead cost savings
from reorganisation, delayering and back office rationalisation.  We remain
confident that our asset life cycle service offering, specialist technical
solutions and geographic footprint position us well in the current environment
and for when market conditions recover.  Overall the outlook for the full year
has not changed and there is no change to EBITA guidance of around 20% down on
2015 as given in May.

Engineering

In Upstream, follow on work continues on Det Norske Ivar Aasen and Hess
Stampede and we have commenced the detailed design phase of Peregrino II, which
will continue into 2017.  We are also continuing work towards detailed design
on the Tengichevroil automation scope in Kazakhstan.  In June, we were pleased
to be selected by Noble Energy to perform the FEED and detailed design work for
the Leviathan fixed platform.  Looking further ahead, we are seeing some early
signs of our customers beginning to assess future projects and we feel well
positioned for FEED and detailed design work that may come to market in the
US.

In Subsea, we have seen activity on smaller conceptual FEED and consultancy
workscopes benefitting from our catalogue of proven designs and solutions as
customers look for efficiencies.  We remain active on BP Shah Deniz and GWF
Phase 2 for Woodside, however there have been limited large subsea capex
projects coming to market and we continue to have lower visibility of future
projects.  Our recent frame and master services agreements with ENI and Statoil
add to the agreements with BP signed in 2015 and further demonstrate customer
support for our service offering.  We have seen good performance from our US
onshore pipelines business benefitting from continued activity with Energy
Transfer Company and Dow Chemical Company.

In our downstream, process and industrial business, the Flint Hills Resources
refinery project is starting to wind down and we see are seeing competitive
pressure, specifically in our process plants business.

PSN

In the Americas, relatively robust activity outside onshore US alongside the
acquisitions of Infinity and Kelchner at the latter end of 2015 will help
offset the impact of pricing and volume pressure in our US onshore business.
Although we are not seeing any immediate increase in our operating and
maintenance activity, we continue to strive for efficiencies, through
reorganisation and centralisation and are confident that we are well positioned
for when the market recovers.

In the North Sea, the operating environment remains very challenging for both
volume and pricing but we are maintaining our leading position in brownfield
operations, maintenance and modifications, having renewed contracts with
Chevron, Enquest, Nexen, Shell, Talisman, Taqa and Total.  Our recent
acquisition of some of the assets of Enterprise Engineering Services Ltd will
assist us in working towards further in house and customer efficiencies as we
expand our capabilities.  Our industrial services business continues to perform
well in the defence and industrial markets as well as the oil & gas market.

Performance in our international business has been robust.  Work has commenced
on our recently announced contracts in Iraq and contract for BP in Baku.  We
continue to see the Middle East as an area of future growth.

In Turbine Activities, relatively robust performance in RWG has been offset by
performance in EthosEnergy.

Cash flow, financing and dividend

Our strong balance sheet and committed long term financing allows us to
reinvest in the business through acquisition and organic investment.  Our
intention remains to increase the dividend per share by a double digit
percentage for 2016.

Outlook

We expect financial performance in the first half of 2016 to demonstrate the
benefits of: our asset light, predominantly reimbursable business model; our
attention to management of utilisation; and significant overhead cost savings
from reorganisation, delayering and back office rationalisation.  The current
environment remains challenging, however we are encouraged by the recent
Upstream awards and feel well positioned for future activity in brownfield
maintenance and US onshore.  Overall the outlook for the full year has not
changed and there is no change to EBITA guidance of around 20% down on 2015 as
given in May.

Conference Call

A telephone conference call for analysts will be held at 8am today; participant
dial-in details below:



UK: 01296 480 180

International: +44 1296 480 180

Passcode: 303244#

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Notes to Editors:

Wood Group is an international energy services company. The Group is built on
our Core Values and has two reporting segments - Wood Group Engineering and
Wood Group PSN - providing a range of engineering, production support and
turbine services to the oil & gas, and power sectors.  www.woodgroup.com

Note 1 - Company compiled publicly available consensus EBITA on a
proportionally consolidated basis is $372m and AEPS is 65.5c, last updated on
15th June 2016. ( http://www.woodgroup.com/investors/analyst-consensus/pages/
default.aspx )

Enquiries:

Wood Group
Andrew
Rose
01224 851 000
Laura McCracken
Carolyn Smith

Brunswick
Patrick Handley

020 7404 5959