Engineering firm Wood has entered an agreement with ICE Petroleum, an integrated service provider headquartered in Kuala Lumpur, to capture and drive continued growth across the energy sector in Malaysia. As part of the agreement, Abdul Jalil Maraicar, group managing director of ICE Petroleum, becomes a majority shareholder of Wood Group Engineering Sdn Bhd which will now trade under the name ICE Wood. He is appointed as director of the company and will have responsibility for driving strategic growth and development of the business.
“We are delighted to enter into this strategic relationship which begins a new chapter for Wood in Malaysia,” said Ralph Ellis, Wood’s president of operations across Asia Pacific. “As ICE Wood, we will be able to leverage the breadth and strength of the ICE Petroleum and Wood organizations to broaden capability, grow our customer base, and deliver impactful, differentiated solutions for clients operating critical energy infrastructure across Malaysia.”
Maraicar added that the “merger of capabilities” is timely as both ICE Petroleum and Wood seek to support the growing needs of the energy industry.
