UK’s oilfield services company Wood has marked a year of strategic growth in the Middle East region following a suite of contract awards and strategic framework renewals, accumulating $580 million of secured backlog in 2021.
Wood informed on Wednesday that the contracts awarded in 2021 will see its teams across the Middle East work together with a range of partners and clients to unlock conventional and low carbon energy supply, optimise energy production and processing, and extend onshore and offshore asset life in Bahrain, Iraq, Saudi Arabia, Kuwait, Qatar, and the UAE.
These contract awards and renewals were added across Wood’s Consulting, Projects and Operations business units. As a result, Wood has recently completed the mobilisation of over 600 new employees. Furthermore, in order to support further growth, a recruitment drive is underway for an additional 200 roles.
Craig Shanaghey , Wood’s President of Operations across Europe, Middle East and Africa, said: “The global pandemic has brought many challenges and it is encouraging to see how the energy industry in the region is not only recovering but also thriving, as it takes a leading role in the quest for a more balanced, integrated and lower-carbon energy mix.”
Wood has been supporting the energy industry in the Middle East for more than 85 years.
Some of the contract awards secured during 2021 include a multi-million dollar contract with Saudi Aramco to deliver engineering and project management services for the Safaniyah and Manifa oilfields in Saudi Arabia, an agreement from ADNOC to perform Pre Front-End Engineering and Design work for a world-scale blue ammonia production facility in Ruwais, Abu Dhabi, as well as front end engineering, detailed engineering, procurement and EPC contract management solutions for a long-term client in Iraq .
Jim Shaughnessy , Wood’s President of Conventional Energy Projects, commented: “Leveraging our foothold across the Middle East, we are looking to 2022 and beyond from a position of strength, ready to support the region on its journey to becoming a global leader through the energy transition.”