Wood Group and CCC form a joint venture in the Middle East
07 August 2008
John Wood Group and Consolidated Contractors Company (“CCC”), have announced the formation of Wood Group-CCC, a joint venture to provide operations and maintenance services for the oil and gas and petrochemical industries in Qatar, Kuwait, Saudi Arabia, Oman, UAE, Bahrain and Yemen.
Les Thomas, Board Director for Wood Group Production Facilities said, “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.”
Over the next ten years it is estimated that there will be $600bn of investment in oil and gas and
petrochemical plants in the region with a need for ongoing operations and maintenance support. Wood Group–CCC is a powerful combination that has the people, equipment, skills and experience to provide that support.
Samer Khoury, Executive Vice President Operations, CCC said, “We are delighted to have formed this joint venture, combining the great complementary strengths of Wood Group and CCC. Both companies put health, safety, environment, people, competence and training at the top of their agendas and the joint venture represents a major step towards providing a broader capability to our Middle East clients.”
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