Wood, a global consulting and engineering firm, has won a series of decarbonization contracts worth around $100 million to support flare gas reduction and carbon efficiency projects across Iraq’s largest oil fields.
Under these contracts, Wood will provide brownfield engineering, procurement, and construction (EPC) and modification services aimed at boosting operational efficiency and cutting environmental impact. This aligns with Iraq’s goal to reduce gas flaring by 78% by the end of 2025.
Wood has a long history of working in Iraq and previously led the country’s largest flare gas reduction programme. The new contracts will be carried out by Wood’s teams in Iraq and the UAE, with 60 new employees to be hired to support the projects.
Ellis Renforth, President of Operations for Europe, Middle East, and Africa, said the company is committed to helping Iraq meet its energy goals while ensuring sustainable development and production efficiency.
Also Read: POWERCHINA Signs EPC Contract for 44 MW Solar Power Project in Spain