Wood Group-CCC Middle East JV formed

John Wood Group PLC and Consolidated Contractors Company have formed Wood Group-CCC, a joint venture to provide operations & maintenance services for the oil, gas, and petrochemical industries in Qatar, Kuwait, Saudi Arabia, Oman, UAE, Bahrain, and Yemen.

Offshore staff

ABERDEEN, UK -- John Wood Group PLC and Consolidated Contractors Company have formed Wood Group-CCC, a joint venture to provide operations & maintenance services for the oil, gas, and petrochemical industries in Qatar, Kuwait, Saudi Arabia, Oman, UAE, Bahrain, and Yemen.

"The Wood Group–CCC joint venture combines Wood Group's market leading engineering, operations and maintenance expertise with CCC's market leading engineering & construction capabilities and substantial regional resource base in the Middle East to bring a new highly complementary service to companies operating in the Middle East region," says Les Thomas, board director for Wood Group Production Facilities.

Over the next ten years it is estimated that there will be $600 billion of investment in oil and gas and petrochemical plants in the region with a need for ongoing operations and maintenance support, according to Wood Group.

07/30/2008

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