Re Contract
FOR IMMEDIATE RELEASE
Mustang Al-Hejailan bid group awarded general engineering services (GES+)
contract by Saudi Aramco
HOUSTON, March 3, 2011 - A bidding group led by Mustang Al-Hejailan
Engineering, a Wood Group company, has been awarded a general engineering
services (GES+) contract by Saudi Aramco. The contract establishes a long-term
framework for the supply of engineering, procurement and construction
management services to support the execution of onshore and offshore oil & gas
projects within the Kingdom of Saudi Arabia. The duration of the contract is
five years, plus three one-year extension options.
The release of work under the contract is contingent on Mustang Al-Hejailan
Engineering finalizing agreements to combine with two well-respected
Saudi-owned engineering businesses, Dar E&C, which will be the second largest
participant in the bidding group, and PI-Consult (taken together, the `bidding
group'). Further details will be announced once the terms of the transactions
have been finalized. The intention is that the resources of Mustang Al-Hejailan
Engineering, Dar E&C and PI-Consult will be combined to create a leading
in-Kingdom engineering & project management services provider. Mustang will
continue to lead the company.
"We are delighted with this award and pleased to have been given the
opportunity to strengthen our partnership with Saudi Aramco as one of their
preferred providers," said Steve Knowles, president of Mustang. "We are excited
to work with Saudi Aramco to deliver the challenging projects they have
scheduled, both on- and offshore, over the coming years."
Saudi Aramco, Saudi Arabia's national oil company, selects services from
approved contractors that are stringently evaluated and meet rigid standards
and specifications. The bidding group was required to provide extensive
documentation of capabilities and processes, along with consistent proof of
quality. The evaluation process included independent audits, surveys, quality
management system evaluations, and reviews of engineering capabilities and an
in-Kingdom business plan.
Faisal Al-Hejailan, president of Mustang Al-Hejailan Engineering added, "Saudi
Arabia is the world's largest producer and exporter of oil and we look foward
to working closely with Saudi Aramco, one of the world's leading oil companies,
to help maximize the region's market potential. We recently moved to a much
larger office facility and are upgrading our systems to better meet the market
demands and develop a strong, local engineering capability in the region."
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Mustang Al-Hejailan Engineering, 55 per cent owned by Mustang, is located in Al
Khobar and is a fully registered company in the Kingdom of Saudi Arabia.
Mustang is a global engineering, project management, procurement, and
construction operations company serving the upstream oil and gas, refining and
chemicals, pipeline, automation and control, and industrial markets. Mustang, a
Wood Group company, has offices in the United States, United Kingdom, India,
Malaysia, West Africa and the Middle East. For more information, visit
www.mustangeng.com.
Wood Group is an international energy services company with approximately $5.0
bn sales, employing approximately 29,000 people worldwide and operating in 50
countries. The Group has three businesses-Engineering & Production Facilities,
Well Support, and Gas Turbine Services-providing a range of engineering,
production support, maintenance management and industrial gas turbine overhaul
and repair services to the oil & gas, and power generation industries
worldwide.
For further information contact:
Dena Lee, Marketing Communications, Mustang
Tel: +1 713 215 8000, email: dena.lee@mustangeng.com
Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood Group
Tel: +44 (0) 1224 851099, e-mail: carolyn.smith@woodgroup.com