REG-Wood Group (John)PLC: Wood wins new Saudi Aramco contract <Origin Href="QuoteRef">WG.L</Origin>

John WoodAnnouncement

12/02/2018 07:05

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.

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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:  press.office@woodplc.com

 



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