finance

Wood celebrates South American metro contract and Middle Eastern deals



Wood has toasted a strong start to 2022, with a deal to provide engineering solutions for Santiago’s public transport system, alongside accumulating $580m of Middle Eastern contracts during 2021.

The consulting and engineering company won the contract from Metro S.A, which is expanding the Chilean capital’s metro in order to reduce overcrowding on existing lines and bring connectivity to the peripheral areas of the city.

Wood’s scope includes the design of six stations, requiring architecture, structural, civil, mechanical, electrical and instrumentation expertise. Ahead of this phase, Wood executed the engineering for the tunnel and shafts.

Justin Jackson, senior vice president of engineering projects at Wood, said: “This award demonstrates the strategic relationship we have established with Metro S.A. over the last 50 years and underpins our ongoing commitment to the region.”

State-owned Metro S.A. has used Wood for its transit system design since the 1970s, engineering more than 120km of the metro development in the city.

A team of 45 engineers will execute the 13-month engineering contract out of Wood’s office in Santiago, as part of a broader 24-month contract to provide site engineering support during the construction phase.

Meanwhile, the company has marked a year of strategic growth in the Middle East region, following a suite of contract awards and strategic framework renewals across its consulting, projects and operations business units.

Wood is delivering solutions to optimise energy production, reduce carbon impact and accelerate the energy transition across the region.

The contracts awarded last year will see its teams across the Middle East work together with partners and clients to unlock conventional and low carbon energy supply, optimise energy production and processing, and extend onshore and offshore asset life in Bahrain, Iraq, Saudi Arabia, Kuwait, Qatar and the UAE.

Awards include a multi-million dollar contract with Saudi Aramco to deliver engineering and project management services for the Safaniyah and Manifa oilfields, an agreement from ADNOC to perform pre front-end engineering and design work for a blue ammonia production facility in Abu Dhabi, as well as engineering, procurement and contract management solutions for a long-term client in Iraq.

Craig Shanaghey, Wood’s president of operations across Europe, Middle East and Africa, said: “The global pandemic has brought many challenges and it is encouraging to see how the energy industry in the region is not only recovering, but also thriving, as it takes a leading role in the quest for a more balanced, integrated and lower carbon energy mix.

“We are committed to partnering with our clients to drive down the cost and the carbon intensity of producing the energy we need today, while working together to explore the innovations that will enable us to realise our shared vision for a more sustainable future.”

Jim Shaughnessy, Wood’s president of conventional energy projects, continued: “Leveraging our foothold across the Middle East, we are looking to 2022 and beyond from a position of strength, ready to support the region on its journey to becoming a global leader through the energy transition.

“We have strong and ambitious in-country talent development and growth plans across the region, leveraging our global expertise while continuing our focus on local investment, both in our people and in our offices and infrastructure, to ensure we leave a lasting legacy.”

The company recently completed the mobilisation of over 600 new employees, with recruitment underway for an additional 200 roles.

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