UK service provider Wood has secured $250 million worth of contracts in the US midstream sector.
Wood confirmed Tuesday it had been awarded contracts this year to date with a combined revenue of about $250 million to deliver construction, fabrication, engineering and operations and maintenance services to clients for a wide range of pipeline services, shale facilities, heavy civils, infrastructure and onshore engineering projects.
"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,” chief executive of Wood’s Asset Solutions Americas, Andrew Stewart said.
“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."
The contracts were awarded across the US, from Alaska through the Bakken to the Permian and onward towards Louisiana's onshore energy corridor, creating roughly 1000 new jobs in the last year through Wood’s Asset Solutions Americas business.