Wood Group

The planned acquisition of its fellow British rival Amec Foster Wheeler has highly elevated Aberdeen-based Wood Group’s stature in the global oilfield services market. The merger, when complete, is expected to reward Wood Group with an increased portfolio, larger client base and a broad region in which it can expand its business. So far, the company’s operation in Saudi Arabia has stood out in its regional business. In January this year, Wood Group secured a five-year, multi-million dollar framework agreement to continue to provide engineering and project management services to Saudi Aramco’s onshore capital programmes. The contract also includes three, one year extension options and is being delivered locally by Wood Group’s base in Al Khobar.