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Wood Group wins $90m 3-year Iraq contract

Blog Post created by robin.dupre Champion on Nov 30, 2015

Wood Group has won a new contract worth approximately US$90 million to deliver services to a major unnamed international oil company (IOC) in Iraq.

 

 

Its subsidiary Wood Group PSN (WGPSN) will provide project management for an onshore facility under the three year contract, which is effective immediately, the company said.

 

Concept and FEED (front-end engineering design) work for future projects will also be included in the contract. The company’s personnel will be based in Wood Group offices in Iraq and Dubai.

 

"Iraq is an area where we see significant growth opportunities for our broad service capabilities and building our presence in this region is a key objective for us" - David Buchan, Wood Group PSN

 

"Iraq is an area where we see significant growth opportunities for our broad service capabilities and building our presence in this region is a key objective for us,” said David Buchan, WGPSN's Eastern Europe, Russia, Caspian and Middle East (ERC & MER) managing director. “This is reflected in our creation of another office in Dubai, which adds to our presence in the Middle East and our commitment to developing local talent, creating job opportunities and building relationships with the supply chain in Iraq.”

 

"This major contract builds on our strong partnerships with clients in Iraq. We look forward to leveraging Wood Group's international knowledge and expertise towards the continued success and development of our client's facility.”

 

Source: Pipeline

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