WOOD has won a multi-million dollar contract to work on a refinery in Malaysia which underlines the global reach of the business.
The Aberdeen-based group has been employed by Hyundai Engineering to help develop a hydrogen production unit for the Melaka Refinery.
Led by chief executive Robin Watson, Wood said the contract win reflected the strength of its global design capability and extensive hydrogen technology expertise.
Wood process technology specialists based in Milan will work on the contract.
The win provides a boost for Wood Group as the company looks to reduce its reliance on the North Sea oil services market in which it made its name.
The company faced big challenges amid the three year downturn in the North Sea triggered by the crude price plunge that started in 2014.
Mr Watson has led Wood on a drive to win more business in areas such as refining and to move into a wider range of engineering markets. Wood acquired operations in areas such as environmental engineering through last year’s £2.2bn takeover of Amec Foster Wheeler.
Wood noted last week North Sea activity had shown moderate growth in the first half from a low base and was expected to strengthen.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here