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Plant(s): View 5 related plants in PECWeb
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Researched by Industrial Info Resources (Sugar Land, Texas)--While drilling demand in the U.S. is slowing, that doesn't appear to be hindering the overall activity of energy services provider Wood Group plc (Aberdeen, Scotland). This week, the company said it expects adjusted earnings before interest, tax, depreciation and amortization to be between $850 million and $860 million for 2019, compared with $693.8 million in 2018. Industrial Info is tracking projects valued at more than $97 billion that involve Wood Group, including more than $24 billion in North America.
Among Wood Group's largest projects in the U.S. is BP plc's (NYSE:BP) (London, England) Mad Dog 2 offshore oil and gas field development in the Gulf of Mexico. The water depth at the site is approximately 4,400 feet, and Wood Group is providing engineering services for the semi-submersible floating production platform, which will produce 140,000 barrels per day (BBL/d) of crude oil. Construction began in the first half of 2018 and is expected to wrap up in late 2021. For more information, see Industrial Info's project report.
Corpus Christi, Texas, has become one of the leading outlets for U.S. crude oil exports, and Wood Group is getting in on the action with Phillips 66 (NYSE:PSX) (Houston, Texas). Last year, Phillips 66 began seeking permission to construct and operate its Bluewater terminal on Corpus Christi Bay, which would be able to load Very Large Crude Carriers (VLCCs). The project would include the construction of an onshore terminal and two offshore buoys that would be connected to pipelines to load crude oil onto VLCCs. The project has an estimated total investment value of $2 billion. Construction could begin this summer and is expected to take about to year to complete. For more information, see Industrial Info's project report.
Wood Group also is active in Chemical Processing projects in the U.S. In Portland, Texas, Wood Group is providing engineering, procurement and construction services for a 13,000-acre petrochemicals plant for Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) (Irving, Texas) and Saudi Basic Industries Corporation (SABIC) (Riyadh, Saudi Arabia). An ethylene unit will produce an estimated 3.96 billion pounds per year and will provide the feedstock for a high-density polyethylene (HDPE) unit, a linear low-density polyethylene (LLDPE) unit and a monoethylene glycol (MEG) unit. Construction is planned to begin later this year and is expected to wrap up in late 2022. For more information, see Industrial Info's project reports on the ethylene, HDPE, LLDPE and MEG units.
While Wood Group has a strong presence in the U.S., the bulk of its projects are located elsewhere. Among the most high-profile projects involving Wood Group is Chevron Corporation (NSYE:CVX) (San Ramon, California) and ExxonMobil's development of the oil and natural gas processing plant at the massive Tengiz field in northwestern Kazakhstan, for which Wood is acting as one of several contractors. The facility will be able to process 260,000 BBL/d of crude oil and 960 million cubic feet per day of natural gas. Construction began in 2018 and is expected to be completed in the second half of 2022. For more information, see Industrial Info's project report.
In Oman, Wood Group is acting as a consultant on Oman Oil Company's (Muscat, Oman) $4.5 billion refinery in Duqm. Wood is involved in the construction of several units, including the 230,000-BBL/d crude distillation unit, the hydrocracker, four sulfur recovery units, two hydrogen production units and several more. Construction began in in the first half of 2018 and is expected to be completed in early 2022. Click here for a list of related projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Among Wood Group's largest projects in the U.S. is BP plc's (NYSE:BP) (London, England) Mad Dog 2 offshore oil and gas field development in the Gulf of Mexico. The water depth at the site is approximately 4,400 feet, and Wood Group is providing engineering services for the semi-submersible floating production platform, which will produce 140,000 barrels per day (BBL/d) of crude oil. Construction began in the first half of 2018 and is expected to wrap up in late 2021. For more information, see Industrial Info's project report.
Corpus Christi, Texas, has become one of the leading outlets for U.S. crude oil exports, and Wood Group is getting in on the action with Phillips 66 (NYSE:PSX) (Houston, Texas). Last year, Phillips 66 began seeking permission to construct and operate its Bluewater terminal on Corpus Christi Bay, which would be able to load Very Large Crude Carriers (VLCCs). The project would include the construction of an onshore terminal and two offshore buoys that would be connected to pipelines to load crude oil onto VLCCs. The project has an estimated total investment value of $2 billion. Construction could begin this summer and is expected to take about to year to complete. For more information, see Industrial Info's project report.
Wood Group also is active in Chemical Processing projects in the U.S. In Portland, Texas, Wood Group is providing engineering, procurement and construction services for a 13,000-acre petrochemicals plant for Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) (Irving, Texas) and Saudi Basic Industries Corporation (SABIC) (Riyadh, Saudi Arabia). An ethylene unit will produce an estimated 3.96 billion pounds per year and will provide the feedstock for a high-density polyethylene (HDPE) unit, a linear low-density polyethylene (LLDPE) unit and a monoethylene glycol (MEG) unit. Construction is planned to begin later this year and is expected to wrap up in late 2022. For more information, see Industrial Info's project reports on the ethylene, HDPE, LLDPE and MEG units.
While Wood Group has a strong presence in the U.S., the bulk of its projects are located elsewhere. Among the most high-profile projects involving Wood Group is Chevron Corporation (NSYE:CVX) (San Ramon, California) and ExxonMobil's development of the oil and natural gas processing plant at the massive Tengiz field in northwestern Kazakhstan, for which Wood is acting as one of several contractors. The facility will be able to process 260,000 BBL/d of crude oil and 960 million cubic feet per day of natural gas. Construction began in 2018 and is expected to be completed in the second half of 2022. For more information, see Industrial Info's project report.
In Oman, Wood Group is acting as a consultant on Oman Oil Company's (Muscat, Oman) $4.5 billion refinery in Duqm. Wood is involved in the construction of several units, including the 230,000-BBL/d crude distillation unit, the hydrocracker, four sulfur recovery units, two hydrogen production units and several more. Construction began in in the first half of 2018 and is expected to be completed in early 2022. Click here for a list of related projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
