BAGHDAD: Wood Group has secured two new contracts in Iraq collectively worth in excess of $140 million (£92 million). Both of the three-year contracts, secured by subsidiary Wood Group PSN (WGPSN), are to deliver technical services and expertise to an unnamed international oil company.
Wood Group will provide brownfield front end engineering design, detailed engineering, project management, procurement services, system completion and commissioning support for operations and start-up on a significant onshore asset in southern Iraq, under the two contracts.
The contracts are effective immediately and will see WGPSN create more than 100 new jobs in the region. WGPSN will manage the contracts from southern Iraq and Dubai, where it established an office in 2015.
David Buchan, WGPSN’s eastern region managing director, said: “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. “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.”
