WOOD GROUP (JOHN) PLC - Wood Group secures Saudi Aramco contract

11 January 2017

Wood Group secures multi-million dollar framework agreement with Saudi Aramco

Wood Group has 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 in the Kingdom of Saudi Arabia.

Effective immediately, the contract also includes three, one year extension options and will be delivered locally in Saudi Arabia. First awarded in 2010, the General Engineering Service Plus (GES+) contract extension will be supported by Wood Group’s office in Al Khobar.

Dave Stewart, CEO for Wood Group’s Asset Life Cycle Solutions business in the Eastern Hemisphere, said: “This contract renewal demonstrates Wood Group’s proven technical and engineering capabilities in working with Saudi Aramco to deliver projects and modifications, automation and control, pipeline and industrial engineering over the last five years.

“Wood Group sees significant growth opportunities in the Saudi Arabian market which is reflected in our continued investment in our people in the region; establishing a dedicated training facility and employing 750 people to support our business.

“We will use our strong asset knowledge and experience of working collaboratively with Saudi Aramco as we continue this contract, where our focus will remain on delivering technical solutions which meet their challenges and add value to their onshore portfolio in the region.”

In 2015, Wood Group was awarded an offshore maintain potential programme (OMP) contract with Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for new facilities in the Arabian Gulf.

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Notes to editors:
Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The Group designs, modifies, constructs and operates industrial facilities mainly for the oil & gas sector, right across the asset life-cycle. We enhance this with a wide range of specialist technical solutions including our world leading subsea, automation and integrity solutions. Our real differentiator is our range of services, the quality of our delivery, the passion of our people, our culture and values. We are extending the scale and scope of our core services into adjacent industries. Visit Wood Group at www.woodgroup.com and connect with us on LinkedIn and Twitter.

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