Wood drives significant growth in the Middle East

Wood’s growth is driven by demand for conventional and low carbon energy supply, focusing on decarbonisation, energy optimisation, asset life extension and energy transition solutions.

Ken Gilmartin, CEO at Wood said, “As a key strategic region for Wood, we see continued growth and opportunity across the Middle East. We have supported energy security in the region for more than eight decades and are excited to play a key role in its energy transition, designing a lower carbon, digitally enabled future.

“Our recent success is testament to the hard work and dedication of our remarkable team and our unwavering commitment to delivering exceptional value for our clients and developing our in-country talent.”

In the last year, Wood’s most notable wins have included:

• Groundbreaking projects across the region including the development of a CO₂ transportation and storage network that will increase the current global capacity of CO₂ storage by approximately 25%, as well as feasibility studies and preliminary front end engineering design for both carbon capture and storage (CCS) and low carbon hydrogen projects.
• A contract extension in Iraq with a long-term client to continue delivering front end engineering design (FEED), procurement and EPC contract management solutions, critical to safe and efficient operations. Wood is also supporting a significant project to reduce emissions in the country by more than 10 million tpy of carbon through the elimination of flaring.
• A long term multi-million-dollar engineering and procurement services contract in Qatar.
• Complex pre-FEED and FEED services for both onshore and offshore clients in the UAE.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/31012024/wood-drives-significant-growth-in-the-middle-east/