International energy services firm, Wood Group, has been awarded two new contracts to deliver technical services and expertise to a leading international oil company (IOC), creating 100 new jobs.
The oil company itself has not been named, but the contracts it has awarded are both three-year terms and have been valued in excess of US$140 million (£92 million), and will see the company work across southern Iraq.
“These two significant contract wins demonstrate Wood Group’s commitment to working closely with key clients to extend our operations in Iraq, where we see a growth market that complements our broad service capabilities, international knowledge and strong expertise” said Wood Group PSN Managing Director, David Buchan.
Wood Group Awarded Two Contracts
The two contracts, both effective immediately, will be delivered by the company’s Wood Group PSN (WGPSN) subsidiary, through its recently established office in Dubai.
Under the two contracts, the subsidiary 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 an unnamed onshore asset in southern Iraq, the company informed.
“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”, concluded Buchan.
North Sea Work
Just last week, the company was awarded a three-year contract by the Anglo-Dutch supermajor Shell to extend its support to eight offshore assets in the UK Continental Shelf (UKCS), enabling it to secure a further 500 jobs in the region.
The contract is already effective and has two, one year extension options, representing the third contract Shell has awarded to the Group in 2016. The first contract regards the delivery of industrial services to the St. Fergus gas processing plant in Aberdeenshire and the Mossmorran gas processing plant and Braefoot Bay marine terminal in Fife, in Scotland.