Wood, a worldwide chief in consulting and engineering, has achieved spectacular development within the Middle East area, securing contracts price $850 million in 2023.
Wood’s work within the area focuses on unlocking conventional and low carbon vitality provides, decarbonizing and optimizing vitality manufacturing and processing, and lengthening the lifetime of onshore and offshore belongings in key areas corresponding to Iraq, the Kingdom of Saudi Arabia, Qatar, and the UAE.
In 2023, the corporate was concerned in groundbreaking tasks throughout the area, together with the event of a CO2 transportation and storage community, feasibility research, and preliminary engineering design for carbon seize and storage (CCS) and low-carbon hydrogen tasks. Wood additionally continues to help brownfield asset upgrades and expansions alongside greenfield developments to optimize operations for petrochemicals and fuel producers.
In Iraq, Wood secured a contract extension with a long-term shopper for entrance finish engineering design (FEED), procurement, and EPC contract administration options. The firm can also be supporting a major venture to scale back emissions by greater than 10 million tons of carbon per 12 months in Iraq via the elimination of flaring.
Contract awards elsewhere within the area embody a long-term multi-million-dollar engineering and procurement companies contract in Qatar and sophisticated pre-FEED and FEED companies for each onshore and offshore purchasers within the UAE.
Ken Gilmartin, CEO at Wood, expressed pleasure in regards to the firm’s continued development within the Middle East, emphasizing their dedication to delivering worth for his or her purchasers and fostering native expertise. Due to their success within the area, Wood not too long ago recruited over 700 new workers and is presently recruiting 500 roles with extra anticipated all through 2024. Wood’s Basrah Graduate Scheme, designed to develop native engineering expertise, has supported over 60 University of Basrah graduates since 2016.