By John Lee.
Scottish consulting and engineering company Wood has secured a new contract to deliver project management and engineering services for PetroChina at the West Qurna 1 oilfield in southern Iraq -- one of the world's largest -- continuing its decade long support there.
Under the contract, Wood will manage engineering, procurement and construction projects.
Located approximately 50 kilometers north-west of Basra, West Qurna 1 holds more than 20 billion barrels of recoverable reserves and is a cornerstone of Iraq's energy infrastructure.
The contract will be delivered by nearly 200 Wood employees based in Iraq and the United Arab Emirates (UAE).
On Monday, Wood shareholders accepted a takeover offer from Dubai-based Sidara, which has also bought companies such as Penspen, Perkins+Will and Dar.
(Source: Wood plc)
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