REG-Wood Group (John)PLC: Wood wins new contract with Saudi Aramco and SABIC

John WoodAnnouncement

19/03/2018 14:21

8 March 2018

Wood wins new contract to develop the world’s largest crude oil to chemicals
project for Saudi Aramco and SABIC

Wood has been selected to develop the world’s largest fully integrated crude
oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, on behalf of
Saudi Aramco and SABIC as the first PMC contractor. The company will provide
front end engineering design (pre-FEED and FEED) and project management
services during the engineering, procurement and construction (EPC) phase,
supporting the development of the complex that is expected to process 400,000
barrels per day and approximately nine million tons of chemicals and base oils
annually.

The contract is expected to continue through to the start of operations,
forecast for 2025. It will be executed from Wood’s Reading and Al-Khobar
offices.

Robin Watson, Wood’s chief executive, said: “We are proud to have been
selected to be a contractor with Saudi Aramco and SABIC to deliver this
significant greenfield onshore facility that will be a first for Saudi Arabia
and among the first in the world to integrate the refinery and chemical
process in this way.

“Wood has a strong track record of successful delivery for both customers
across their broad project portfolios. We will leverage our diverse
capabilities, from design to EPC, to support the evolution of the facility at
each phase.  Our commitment is to combine our ingenuity, global expertise and
local knowledge to ensure the safe, successful and timely delivery of this
mega-project.

“Our close collaboration with the in-country supply chain and the creation
of opportunities to nurture new industry talent in Saudi Arabia, will be
central to our execution of this contract.”

-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
lifecycle, 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. www.woodplc.com

For further information contact:  press.office@woodplc.com



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