Wood bags five-year contract with Saudi Aramco
- Business & Finance
Oilfield services company Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Saudi Arabia.
Engineering and project management services to develop the Marjan oil field in the state’s eastern province will be provided under the contract, which is effective immediately, Wood said on Monday.
The front end engineering design (FEED), major increment and overall project management consultancy will be executed from Wood’s Reading UK, Khobar, Saudi Arabia and India offices.
The contract is part of Saudi Aramco’s multi-billion dollar Marjan Crude Increment Program; one of the company’s oil and gas mega-projects designed to enhance its energy sustainability, diversify the economy, expand gas production, and localize domestic content.
Wood has worked with Saudi Aramco for more than 30 years. In November 2017, the two companies entered a memorandum of understanding demonstrating Wood’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia.
Robin Watson, Wood’s chief executive comments: “We look forward to working in close partnership with Saudi Aramco to bring our broad and enduring expertise in engineering and project management to this project, which is significant for both our client and the Kingdom of Saudi Arabia. Our focus will be applying our ingenuity, range of capabilities and in-country knowledge to ensure its safe and successful delivery.”
Wood is also currently providing pre-FEED and FEED for Saudi Aramco’s Unconventional Gas Program and detailed engineering and procurement for its Sulphate Removal Facilities projects.