Wood Creates 1K New Jobs in Last Year
Wednesday Oct 10, 2018  
URL: https://www.rigzone.com/news/wood_creates_1k_new_jobs_in_last_year-10-oct-2018-157164-article/

Wood’s Asset Solutions Americas business created approximately 1,000 new jobs in the last year as a result of securing new midstream sector contracts across the US worth $250 million.

These contracts comprise work such as construction, fabrication, engineering and operations and maintenance services for a range of pipeline services, shale facilities, heavy civils, infrastructure and onshore engineering projects, Wood revealed on its website.

Locations for this work range from Alaska through the Bakken to the Permian and onwards towards Louisiana’s onshore energy corridor.

“These contracts show the strength and expertise of Wood to deliver a diversified portfolio of energy and industrial services to a broad range of valued clients in various sectors,” Wood CEO of Asset Solutions Americas, Andrew Stewart, said in a company statement.

“We have grown our foothold in the midstream markets through the transfer of knowledge from our experience in other energy sectors, the retention and attraction of key expertise and investment in client relationships,” he added.

“We bring best in class performance, a clear focus on safety and the best people to the projects. I am incredibly proud of our teams for securing such an impressive array of new contracts in the US this year,” Stewart continued.

Wood describes itself as a global leader in engineering, project and technical services to industrial, energy, process and utility markets. The company employs more than 27,000 people in the Americas. In total, Wood has more than 60,000 employees and over 400 offices in more than 60 countries.

The company reported total revenue of $5.3 billion for the first half of this year, up from $2.2 billion during the same period last year. Operating profit before exceptional items stood at $125 million for the first half, up from $72 million during the first half of 2017.

In October 2017, Wood Group acquired Amec Foster Wheeler. Back in October last year, Wood Chief Executive Robin Watson described the acquisition as “transformational”.

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