Wood Group Bags $90 mln Iraqi Contract

Wood Group has won a new contract worth approximately $90  million to deliver services to one of the world’s leading blue-chip  international oil companies (IOC) in Iraq.   Wood Group PSN (WGPSN) will provide project management for an onshore  facility under the three year contract, which is effective immediately.

Concept and FEED work for future projects will also be included  in the contract, which creates more than 100 new positions and retains 20 jobs.  Personnel will be based in Wood Group offices in Iraq and Dubai.

David Buchan, WGPSN's Eastern Europe, Russia, Caspian and  Middle East (ERC & MER) managing director said: “This major contract builds  on our strong partnerships with clients in Iraq.  We look forward to leveraging Wood Group’s  international knowledge and expertise towards the continued success and development  of our client’s facility.

“Iraq is an area where we see significant growth  opportunities for our broad service capabilities and building our presence in  this region is a key objective for us. This is reflected in our creation of another  office in Dubai, which adds to our presence in the Middle East and our  commitment to developing local talent, creating job opportunities and building  relationships with the supply chain in Iraq.”