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Wood Secures A Two-year Extension on Unconventionals Program with Aramco

Source: www.gulfoilandgas.com 1/21/2020, Location: Middle East

Wood has secured a two-year extension to its in-Kingdom and out-of Kingdom contracts with Saudi Aramco’s subsidiary, Aramco Overseas Company (AOC) for its unconventional gas programme, extending awards originally secured in 2014.

Wood’s project execution teams will continue to work closely with Saudi Aramco to develop innovative engineering design and implementation strategies to deliver the programme’s primary objective to produce and deliver significant volumes of gas from shale and tight gas reservoirs. Unconventional gas is key to meeting the Kingdom of Saudi Arabia’s growing energy needs, with cleaner burning natural gas for domestic power generation. Developing unconventional resources requires logistics that differ from those of standard conventional gas as well as a bespoke strategy to maximise efficiency and economic viability. Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia and Australia, comments: 'We are delighted to continue our role as the main engineering services provider on this programme. Saudi Aramco is a strategically important customer in the region, and we look forward to continuing our close partnership with them and furthering our commitment to building capability in-Kingdom. 'This extension demonstrates Saudi Aramco’s confidence in our teams in Al-Khobar, Saudi Arabia, and in our centre of excellence in Reading, UK, to deliver safe, on-time and efficient solutions to meet and exceed requirements on this uniquely challenging project.'

Unconventional Resources News in Saudi Arabia >>

Qatar >>  6/1/2020 - Qatar Petroleum entered into three agreements to reserve LNG ship construction capacity in the Republic of Korea to be utilized for Qatar Petroleum’s ...
Saudi Arabia >>  5/29/2020 - Advanced Petrochemical Company (ADVANCED) announces the signing of Shareholders Agreement between Advanced Global Investment Company (“AGIC”, a subsid...

United Arab Emirates >>  5/20/2020 - Lamprell, through its site services business, has been selected by Sharjah National Oil Corporation (SNOC) to undertake a medium-sized* engineering, ...
United Arab Emirates >>  5/18/2020 - McDermott International, Inc. has been awarded a sizeable* contract from a Middle East customer to carry out front-end engineering and design (FEED) w...

Saudi Arabia >>  5/14/2020 - Fluor Corporation was named project management consultant for Advanced Global Investment Company’s (AGIC) new propane dehydrogenation, polypropylene a...
United Arab Emirates >>  5/11/2020 - Penspen has been awarded a contract by Target Engineering Construction Co LLC for slug catcher replacement support on a project on Zirku Island in UAE...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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