UK-based engineering firm Wood says business is picking up fast — and Iraq is a big reason why.
The company reported a nearly 20% jump in awarded contracts compared to 2024. That growth is being driven by stronger activity in Iraq and across the Middle East.
One of Wood’s latest wins is a major contract with PetroChina at the West Qurna 1 oilfield, one of Iraq’s most important oil-producing sites. Wood will provide project management and engineering services to support ongoing development and daily operations at the field — a key asset for Iraq’s oil output.
Wood is also expanding its role in decarbonisation projects inside Iraq. These include work on reducing gas flaring and improving carbon efficiency at several major oil fields.
Iraq has been pushing hard to cut down on gas flaring and improve energy efficiency as part of broader reforms in its oil and gas sector, and Wood is now deeply involved in that effort.
Outside Iraq, the company also secured a major contract in the United Arab Emirates. Wood will handle engineering, procurement, and construction management for the expansion of the ADNOC Gas Habshan complex. This is Wood’s largest project so far this year and includes upgrades to improve efficiency, modifications to existing facilities, and the addition of new processing units.
Overall, the growing list of contracts shows how important Iraq has become to Wood’s regional strategy. As global energy companies expand work in Iraq, international service providers like Wood are stepping in to support oil production, gas development, and emissions reduction projects across the country.
