Wood and Nobel Oil in Azerbaijan Pact

Image Source: Nobel Oil

Wood and Nobel Oil have entered into a joint venture agreement to provide engineering and operations support services to the oil and gas market in Azerbaijan.

The JV will combine Wood’s engineering and technical services capabilities with Nobel Oil’s local knowledge and expertise in the Caspian region.

It will primarily support in the delivery of brownfield engineering, procurement and construction management contracts across a range of assets offshore Azerbaijan.

The JV was completed in an official ceremony in Baku on 31 October, attended by senior representatives from Wood, Nobel Oil, operators in the local energy sector, UK Trade & Investment and the British Ambassador, Dr Carole Crofts.

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, said: “Wood is committed to expanding our presence in Azerbaijan, seeking new opportunities to provide our services and building partnerships to become a leader in the local supply chain, supporting the needs of our customers. Joining forces with Nobel Oil will not only grow our engineering capabilities in-country but also provide training and development opportunities for the Azerbaijani workforce.”

Nasib Hasanov, founder of Nobel Oil, stated: “Establishment of this joint venture between Wood and Nobel Oil is a remarkable event as it creates a strong platform for uniting our expertise and capabilities. By combining the strengths of both partners, the new joint venture will deliver high quality solutions and services to customers in the region. Therefore, both companies, as well as the entire oil and gas industry of Azerbaijan, will benefit from this partnership.”

Share this article

Follow Subsea World News

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Subsea Valley

This yearly gathering has grown from 200 to 2000 delegates in only 5 years and is now one of the leading energy conferences in Europe…

read more >

Shallow and Deepwater Mexico Oil and Gas Conference

Shallow and Deepwater Mexico is a community gathering for the offshore sector focusing on the future of offshore in Mexico…

read more >

OMC 2019

OMC is the largest exhibition and conference dedicated to the Offshore, and Oil & Gas Industry…

read more >

SubOptic 2019

SubOptic is the longest running and most comprehensive conference series in the world for the submarine fiber industry…

read more >