Latest news with #flareGasReduction
Zawya
29-05-2025
- Business
- Zawya
Wood secures c.$100mln of awards to reduce gas flaring in Iraq
Basra – Wood, a global leader in consulting and engineering, has been awarded a series of decarbonisation contracts with a value of c.$100m for flare gas reduction and carbon efficiency project solutions across the largest oil fields in Iraq. Wood will deliver brownfield engineering, procurement and construction (EPC) and modifications solutions to enhance operational efficiency and minimise environmental impacts, in support of Iraq's commitment to reduce gas flaring by 78% by the end of 2025. Wood has a decades-long track record of providing decarbonisation solutions for major operators in Iraq and has implemented the country's largest flare gas reduction programme to date. Ellis Renforth, President of Operations for Europe, Middle East and Africa said: 'We are working in partnership with our clients to achieve Iraq's energy ambitions and deliver a sustainable energy future for the country. Wood Iraq has extensive knowledge of our clients' infrastructure, operations and goals, enabling them to improve operational efficiency and reduce the impact of gas flaring while maintaining critical production.' The reimbursable contracts will be delivered by Wood's team in Iraq and the UAE. Wood will recruit 60 new employees to support the successful delivery of these projects. For further information contact:
Zawya
29-05-2025
- Business
- Zawya
UK's Wood secures $100mln decarbonisation contracts in Iraq's oil sector
UK-listed global consulting and engineering firm Wood announced on Thursday that it has secured a series of decarbonisation contracts in Iraq valued at approximately $100 million. The contracts focus on flare gas reduction and carbon efficiency initiatives across some of the country's largest oil fields, the company said in a press statement. The company will provide brownfield engineering, procurement, and construction (EPC) services, as well as modifications aimed at enhancing operational efficiency and minimising environmental impacts. These projects are aligned with Iraq's national goal of reducing gas flaring by 78 percent by the end of 2025. The contracts are structured as reimbursable and will be executed by Wood's teams based in Iraq and the UAE. To support the projects, Wood plans to recruit 60 new employees across both countries. (Reporting by SA Kader; Editing by Anoop Menon) (
