Wood has secured a contract from PetroChina for the West Qurna 1 oilfield in southern Iraq. The contract involves engineering, procurement, and construction works to support Iraq’s energy goals. Wood plans to utilize nearly 200 employees in Iraq and the UAE to deliver the project.

The West Qurna 1 field, located north-west of Basra, holds over 20 billion barrels of recoverable reserves. It plays a vital role in Iraq’s crude output strategy. ExxonMobil ceased operations at the oilfield in 2024, transferring responsibilities to PetroChina. The field produces nearly 550,000 barrels per day.

Wood’s partnership at West Qurna 1 deepens with this contract award, reflecting trust in their ability to deliver complex energy solutions. The company combines global expertise with a strong local workforce to support Iraq’s energy ambitions. West Qurna 1 is crucial for Iraq’s energy security and economic resilience.

Read more at Yahoo Finance: Wood secures EPC contract for West Qurna 1 oilfield in Iraq