Wood’s Asset Solutions, the Australian engineering, procurement and construction (EPC) contractor, signed a two-year extension deal with Saudi Aramco’s overseas business unit for the unconventional gas program, according to Pipeline Oil and Gas News.
The two companies inked the original contract in 2014. Under which, Wood’s execution teams are going to continue working closely with Aramco to produce and deliver valuable volumes of gas and from shale and tight reservoirs.
Additionally, both companies plan to develop innovative engineering designs and strategies to deliver gas with the utmost efficiency.
“We are delighted to continue our role as the main engineering services provider on this program. Saudi Aramco is a strategically important customer in the region, and we look forward to continuing our close partnership with them and furthering our commitment to building capability in-Kingdom,” said Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia and Australia.
It is worth noting that unconventional gas is a key solution to suffice the kingdom’s needs of energy. Developing unconventional resources requires logistics that differ from those of standard conventional gas as well as a bespoke strategy to maximize efficiency and economic viability.