Wood Group wins $90mn contract for IOC in Iraq

Picture for illustrative purposes only.

Wood Group has won a $90mn contract to deliver services for an unnamed international oil company 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 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.”