Re Contract

26 November, 2015

Wood Group wins $90 million contract in Iraq

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.”

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Notes to editors:
Wood Group is an international energy services company with around $7bn sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses – Wood Group PSN, Wood Group Kenny and Wood Group Mustang – providing a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide. Visit Wood Group athttp://www.woodgroup.com/ and connect with us on LinkedIn and Twitter.

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Operating in more than 40 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. http://www.woodgroup-psn.com/

For further information contact:
Wood Group Press Office
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