Wood Group
Wood Group has secured two new, three-year contracts, collectively valued at more than $140mn, to deliver technical services and expertise to a leading international oil company (IOC) in Iraq, earning the company the fifth spot in our list. Wood Group PSN (WGPSN) will provide brownfield front end engineering design (FEED), detailed engineering, project management, procurement services, system completion and commissioning support for operations and start-up on a significant onshore asset in southern Iraq under the two contracts.
Effective immediately and creating more than 100 new jobs, the contracts will be delivered from southern Iraq and Dubai.
David Buchan, WGPSN’s eastern region managing director, said: “Establishing an office in Dubai and a base in Iraq reflects our intention to build lasting customer relationships and focus on the development of our Iraqi workforce and supply chain partnerships.”
Late last year, the company also announced winning a $90mn contract to deliver services for an unnamed IOC in Iraq. WGPSN said it will provide project management for an onshore facility under the three-year contract. Concept and FEED work for future projects was also included in the contract.
Also in 2015, the group was awarded a contract by Saudi Aramco for greenfield and brownfield EPC support for new facilities in the Gulf. The six-year contract, which includes options for two three-year renewals, includes the establishment of an offshore engineering centre of excellence in Al Khobar, Saudi Arabia. Work will be performed by Wood Group Mustang in the US. In-kingdom work scope will be executed by Saudi Arabian joint venture, Mustang-HDP.
