UK-based oilfield services company Wood Group has bagged a new five-year-contract from Saudi Aramco to help it develop the Marjan oil field in Saudi Arabia.
As part of the multi-million dollar worth contract, Wood will provide engineering and project management services to the project located in the country’s Eastern Province.
Wood plans to execute the front end engineering design (FEED), major increment and overall project management consultancy from its offices in Reading UK, Saudi Arabia, Khobar and India offices.
The contract given to Wood is part of the multi-billion dollar Marjan Crude Increment Program, which is one of the oil and gas mega-projects of Saudi Aramco.
Wood CEO Robin Watson said: “We look forward to working in close partnership with Saudi Aramco to bring our broad and enduring expertise in engineering and project management to this project, which is significant for both our client and the Kingdom of Saudi Arabia.
“Our focus will be applying our ingenuity, range of capabilities and in-country knowledge to ensure its safe and successful delivery.”
Currently, Wood is also providing pre-FEED and FEED for Saudi Aramco’s Unconventional Gas Program as well as detailed engineering and procurement for its Sulphate Removal Facilities projects.
In November last year, Saudi Aramco had signed eight agreements worth $4.5bn with oil and gas service contractors, mainly to enhance gas production.
The firm has signed three agreements with Madrid-based Técnicas Reunidas for a gas compression program, which aims to improve production from the Haradh and Hawiyah fields.
Over the next 20 years, the scheme aims to produce an additional 1 billion standard cubic feet per day (scfd) from the two fields.