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View Full Version : Wood Group’s Iraq Progress “Slower than Anticipated”



Investors Iraq News
05-11-2017, 10:31 AM
By John Lee.
Energy services company Wood Group has said that the “pace of activity” on its contract with Exxon (http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/international-oil-companies-exxonmobil/)in Iraq is “slower than anticipated.” Exxon operates the West Qurna I field (http://www.iraq-businessnews.com/list-of-oil-and-gas-fields-in-iraq/oil-and-gas-fields-west-qurna-1/) in southern Iraq.
In its Annual General Meeting Statement on this morning, the Scottish-based company added that management’s expectations of full year trading performance are broadly unchanged.
The company as won contracts (http://www.iraq-businessnews.com/tag/wood-group/) valued at $230 million in Iraq over the past two years.
(Source: Wood Group)


Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2017/05/11/wood-groups-iraq-progress-slower-than-anticipated/)

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