Global consulting and engineering company Wood has recorded milestone growth in the Middle East region having secured $850m in contract wins over the last 12 months.
According to the company, this has been driven by heightened demand for conventional and low carbon energy supply, focusing on decarbonisation, energy optimisation, asset life extension and energy transition solutions.
Having recruited over 700 new employees throughout the region, Wood has developed a range of projects across the Middle East including the development of a carbon dioxide (CO2) transportation and storage network that the company says will increase the current global capacity of CO2 storage by approximately 25%.
Wood has also signed a contract extension in Iraq with a long-term client to continue delivering front end engineering design (FEED), procurement and EPC contract management solutions.
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