John Wood Group (Wood), a consulting and engineering company focused on the energy sector, has secured a $250m contract from Brunei Shell Petroleum (BSP), a unit of oil and gas major Shell.
The contract, which is a two-year extension until February 2026, aims to improve production capacity and efficiency by revitalising BSP’s offshore energy assets.
Under the agreement, Wood will offer a variety of services to the top 20 offshore facilities of BSP, which are responsible for around 80% of the company’s overall oil and gas production.
Specifically, the scope of the contract includes the administration of the company’s offshore marine fleet, as well as brownfield engineering, procurement, construction, and commissioning services.
John Wood Group CEO Ken Gilmartin said: “Wood is pleased to continue supporting BSP’s offshore assets in the next phase of its rejuvenation project to upgrade core assets, which account for around 80% of BSP’s production, making this work critically important to the company.
“This extension shows progress on our strategy; which focuses on reimbursable projects and complex work in critical industries; that we laid out last year and demonstrates the strength of our relationship with an important client in a key region. The award also highlights our continued focus on ensuring energy security across the region whilst minimising the environmental impact of doing so.”
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By GlobalDataWood’s employees in Kuala Belait, the company’s primary base, and offshore, with assistance from the Manila, Philippines branch, will carry out the contract in Brunei.
The company will employ around 1,500 people for the contract, 65% of whom are locals, said Wood.
Last week, Wood announced that it is working with Centrica Storage to develop a low-carbon hydrogen production hub in the UK.