Wood, the global consulting and engineering company, has entered into a 10-year global master services agreement for engineering and project related services with Chevron.

The agreement can be used by all of Chevron’s business units and covers both offshore and onshore assets within the upstream, midstream and downstream markets.

The deal enables the formation of a global strategic relationship, strengthening the overall quality of engineering and providing predictable outcomes for project delivery worldwide. To further enhance predictable performance, Wood will work with Chevron’s digital enablement specialists to collaborate, optimize, and pursue efficiencies.

Jennifer Richmond, Executive President of Strategy & Development at Wood, said: “With Chevron, we share the same strategic sentiment, growth mindset and alignment on key sustainability and performance goals. Our strong market proposition enables us to provide solutions right across the energy spectrum on a global scale, and our commitment to digitalization and adoption of best-in-industry practices ensures we are continuously seeking performance and project efficiencies.”

Jim Shaughnessy, President of Conventional Energy at Wood, added: “Transparency, ingenuity, collaboration, and predictable performance have all been key to building our more than 20-year relationship with Chevron.”

About Wood

Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 55,000 people, with revenues of over $11 billion. We provide performance-driven solutions throughout the asset life-cycle, from concept to decommissioning across a broad range of industrial markets including the upstream, midstream and downstream oil & gas, chemicals, environment and infrastructure, power & process, clean energy, mining and general industrial sectors.

About Chevron

Chevron (NYSE: CVX) is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines.