Wood Group secures Aramco contract

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Wood Group secures Aramco contract

Wood Group has secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services to Saudi Aramco’s onshore capital programmes in the Kingdom of Saudi Arabia.

Effective immediately, the contract also includes three, one year extension options and will be delivered locally in Saudi Arabia. First awarded in 2010, the General Engineering Service Plus (GES+) contract extension will be supported by Wood Group’s office in Al Khobar.

Dave Stewart, CEO for Wood Group’s Asset Life Cycle Solutions business in the Eastern Hemisphere, said: “This contract renewal demonstrates Wood Group’s proven technical and engineering capabilities in working with Saudi Aramco to deliver projects and modifications, automation and control, pipeline and industrial engineering over the last five years.

“Wood Group sees significant growth opportunities in the Saudi Arabian market which is reflected in our continued investment in our people in the region; establishing a dedicated training facility and employing 750 people to support our business.

“We will use our strong asset knowledge and experience of working collaboratively with Saudi Aramco as we continue this contract, where our focus will remain on delivering technical solutions which meet their challenges and add value to their onshore portfolio in the region.”

In 2015, Wood Group was awarded an offshore maintain potential programme (OMP) contract with Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for new facilities in the Arabian Gulf.

Source: www.woodgroup.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.