Wood Group announced on August 18, 2016, it has been awarded a new service deal by SABIC to provide engineering design services in the UK.
Under the contract effective immediately, Wood Group will provide the services to the SABIC-operated Teesside complex located in the UK, Wilton.
«This contract, which extends our support of SABIC into the UK, demonstrates the strong relationship we have with this client based on our proven track record of excellence, quality and assurance in our technical service delivery,» Wood Group Chief Executive Officer Robin Watson, said.
The contract will be delivered by Wood Group’s operations in Woking, the company explained in a statement.
This follows an existing cooperation between the two companies as Wood Group already supports SABIC operations in Saudi Arabia and the US.
«Our diverse and robust expertise and capabilities position us strongly to add value for clients in the petrochemical market, which represents a good long-term opportunity for Wood Group. We will leverage our knowledge of working with SABIC globally towards the successful, efficient and effective delivery of this new contract,» the CEO added.
Wood Group was forced to cut 10% of its workforce in the first half of the year, due to less activity across its segments. However, it saw a higher margin «from legacy engineering projects and the continued focus on utilisation and drive for efficiency».
