By John Lee.
Energy services company Wood Group has said that the “pace of activity” on its contract with Exxon in Iraq is “slower than anticipated.” Exxon operates the West Qurna I field in southern Iraq.
In its Annual General Meeting Statement on this morning, the Scottish-based company added that management’s expectations of full year trading performance are broadly unchanged.
The company as won contracts valued at $230 million in Iraq over the past two years.
(Source: Wood Group)
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