Wood, a worldwide consulting and engineering firm, has recorded vital progress within the Middle East area, securing US$850 million in contract wins within the final 12 months.
Wood’s progress is pushed by demand for typical and low carbon vitality provide, specializing in decarbonisation, vitality optimization, asset life extension and vitality transition options.
Working in Iraq, the Kingdom of Saudi Arabia, Qatar, and the UAE, Wood not too long ago recruited over 700 new workers throughout the area and is at the moment recruiting 500 roles with extra anticipated all through 2024.
Ken Gilmartin, CEO at Wood mentioned, “As a key strategic area for Wood, we see continued progress and alternative throughout the Middle East. We have supported vitality safety within the area for greater than eight many years and are excited to play a key position in its vitality transition, designing a decrease carbon, digitally enabled future.”
“Our current success is testomony to the laborious work and dedication of our exceptional staff and our unwavering dedication to delivering distinctive worth for our purchasers and creating our in-country expertise.”
In the final 12 months, Wood’s most notable wins have included:
- Groundbreaking initiatives throughout the area together with the event of a CO2 transportation and storage community that can enhance the present international capability of CO2 storage by roughly 25%, in addition to feasibility research and preliminary entrance finish engineering design for each carbon seize and storage (CCS) and low carbon hydrogen initiatives.
- A contract extension in Iraq with a long-term shopper to proceed delivering entrance finish engineering design (FEED), procurement and EPC contract administration options, important to protected and environment friendly operations. Wood can also be supporting a big undertaking to cut back emissions within the nation by greater than 10 million tpy of carbon via the elimination of flaring.
- An extended-term multi-million-dollar engineering and procurement providers contract in Qatar
- Complex pre-FEED and FEED providers for each onshore and offshore purchasers within the UAE.
Committed to creating native engineering expertise, Wood’s four-year engineering Basrah Graduate Scheme in Iraq continues to develop and has now supported greater than 60 University of Basrah graduates since 2016.
Wood has greater than 3000 workers throughout the area in key hubs together with the UAE, Saudi Arabia, Iraq and Qatar.