Wood adds Dubai office after Iraq contract win

Wood Group has won a $90m contract, beginning immediately, to provide project management and front-end engineering design (FEED) for an onshore facility in Iraq and future projects.

The three-year contract, with an unnamed "leading blue-chip international oil company", will create more than 100 new positions and retains 20 jobs in Wood's offices in Iraq and Dubai.

Wood said it would create another office in Dubai.

Regional director David Buchan 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."

Shares in Wood were down 0.3% to 560.5p by 0820 GMT on Thursday.