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>

<< Nov 2018 >>
MTWTFSS
29 30 31 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 1 2

10th Asia Pacific Congress on Oil and Gas

Oil and Gas 2018 provides a platform for researcher scholars, scientists and academic people to share and globalize their…

read more >

Africa Oil Week 2018

The event brings together governments, national oil companies, investors, corporate players, independents and financiers – giving them…

read more >

CENSIS 5th Technology Summit

Register now for our fifth Technology Summit, and explore with us the theme of disruption and disruptive technologies in Sensor…

read more >

ADIPEC 2018

The ADIPEC conferences and technical sessions are the place to sharpen your knowledge and share best practice with your industry peers…

read more >