Wood Group, of Aberdeen, announced a Middle Eastern contract win yesterday worth more than £500million.
It is the second major deal the company has landed in the region in a week.
In the latest move, Petroleum Development Oman (PDO) awarded a seven-year engineering and maintenance service contract to Wood Group-CCC.
This is a recently formed joint venture set up to provide operations and maintenance services for the oil and gas and petrochemical industries in Oman, Bahrain, Kuwait, Qatar, Saudi Arabia, UAE and Yemen.
The contract, which has a three-year extension option, will include integrated engineering, construction, maintenance and support services for PDO onshore facilities in southern Oman.
Wood said its market-leading engineering, operations and maintenance expertise, together with CCC’s engineering and construction capabilities and substantial regional resource base in Oman and the Middle East, would bring a highly complementary service to PDO.
Les Thomas, board director for Wood Group Production Facilities, said: “Wood Group-CCC is delighted to have won this important contract and we look forward to working closely with PDO over the next seven years to achieve their project and business objectives.”
Wood said that, over the next 10 years, it was estimated that there would be more than £380billion of investment in oil and gas and petrochemical plants in the region with a need for ongoing operations and maintenance support. It added: “Wood Group-CCC is a powerful combination that has the people, equipment, skills and experience to provide that support.”
Wood is an international energy service company employing more than 29,000 people and operating in 50 countries.
CCC (Consolidated Contractors Company) is said to be the largest engineering and construction company in the Middle East region, employing some 120,000 people across 43 countries.
Last Tuesday, Wood announced a £564million contract win in the Middle East.
Its gas-turbine service division is to build Israel’s largest private power station for Dorad Energy.
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