Wood builds on strong partnership with Equinor, securing two-year contract extension in the UK
Wood has tripled its headcount in Colombia to 1,500 employees. The growth is largely in engineering expertise to support the delivery of capital projects across South America, North America, Europe and the United Kingdom.
The growth of Wood’s team in Colombia is attributed to the rising demand for complex engineering expertise to deliver the growth of energy-related capital expenditures that are forecast to reach $5 trillion by 2030. It is also driven by Wood’s 15-year relationship with Ecopetrol, Colombia’s National Oil Company. Recent awards include two major front-end engineering and design (FEED) projects, at Rubiales, Colombia’s largest oilfield, and the Barrancabermeja Refinery, together valued at USD $40 million.
John Day, President of Oil and Gas Projects for Wood, said: "Wood’s engineering centre in Colombia is a valuable partner for our teams globally due to its strategic location and highly skilled workforce. As we continue to see increased demand across our end markets, I am pleased with the continued growth of our engineering team in Colombia, enabling us to support the delivery of critical projects for our clients both domestically and around the world.”
Wood's expansion in Colombia has generated significant employment opportunities for local professionals, enriching the region's job market, with 80% of employees of Colombian nationality.