UK-based global engineering consultancy Wood has been awarded a five-year contract to increase production efficiency and drive down costs at a major oilfield in Iraq through specialist engineering solutions.
In a press statement issued earlier this months, the company said it will improve day-to-day operations of the oilfield’s producing assets and supporting facilities, while continuing to invest in local talent development programmes and exploring opportunities to reduce greenhouse gas emissions.
Craig Shanaghey, Wood’s President of Operations for Europe, Middle East and Africa, said: "Building on our already strong delivery performance locally, we will be laser-focused on continuing to develop our in-country teams and ensuring the continued high performance of the oilfield. This contract strengthens Wood’s position as a leading engineering partner for conventional energy operations in the Middle East region.”
The statement didn't disclose contract value or client details but said service delivery would be through in-country teams in Basra, Iraq, supported by the engineering office in Dubai in the UAE.
(Writing by N Madhura; Editing by Anoop Menon)
(anoop.menon@refinitiv.com)
© ZAWYA 2021
