Wood Group (John)PLC Wood wins new Saudi Aramco contract

 
TIDMWG. 
 
12 February, 2018 
 
        Wood wins new contract delivering mega-project for Saudi Aramco 
 
Wood has secured a new multi-million dollar, five-year contract to support 
Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of 
Saudi Arabia. Engineering and project management services to develop the Marjan 
oil field in the state's eastern province will be provided under the contract, 
which is effective immediately. 
 
The front end engineering design (FEED), major increment and overall project 
management consultancy will be executed from Wood's Reading UK, Khobar, Saudi 
Arabia and India offices. 
 
The contract is part of Saudi Aramco's multi-billion dollar Marjan Crude 
Increment Program; one of the company's oil and gas mega-projects designed to 
enhance its energy sustainability, diversify the economy, expand gas 
production, and localise domestic content. 
 
Wood has worked with Saudi Aramco for more than 30 years. In November 2017, the 
two companies entered a memorandum of understanding demonstrating Wood's 
continued commitment to creating and accelerating opportunities for local 
workforces in the Kingdom of Saudi Arabia. 
 
Robin Watson, Wood's chief executive comments: "We look forward to working in 
close partnership with Saudi Aramco to bring our broad and enduring expertise 
in engineering and project management to this project, which is significant for 
both our client and the Kingdom of Saudi Arabia. Our focus will be applying our 
ingenuity, range of capabilities and in-country knowledge to ensure its safe 
and successful delivery. 
 
"We have been operating in the Middle East for around 75 years and continue to 
ambitiously pursue opportunities to leverage our global expertise and grow our 
presence in the region. Our commitment to growing capability and capacity in 
the Kingdom will be demonstrated further on this contract, where we will focus 
on nurturing talent, providing employment opportunities and partnering with the 
supply chain." 
 
Wood is also currently providing pre-FEED and FEED for Saudi Aramco's 
Unconventional Gas Program and detailed engineering and procurement for its 
Sulphate Removal Facilities projects. 
 
                                    -ends- 
 
Note to Editors: 
 
Wood is a global leader in the delivery of project, engineering and technical 
services to energy and industrial markets. We operate in more than 60 
countries, employing around 55,000 people, with revenues of around $10 
billion.  We provide performance driven solutions throughout the asset life 
cycle, from concept to decommissioning across a broad range of industrial 
markets including the upstream, midstream and downstream oil & gas, power & 
process, environment and infrastructure, clean energy, mining, nuclear and 
general industrial sectors. We strive to be the best technical services company 
to work with, work for and invest in. http://www.woodplc.com/ 
 
For further information contact:  [e-mail] 
 
 
 
 
 
 
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(END) Dow Jones Newswires

February 12, 2018 02:00 ET (07:00 GMT)