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Wood Group JV secures five-year contract with Brunei Shell Petroleum
(Sharecast News) - Consulting and engineering firm Wood Group and its joint venture partner, Tendrill International, said on Monday that they had secured a five-year contract with Brunei Shell Petroleum for brownfield engineering, procurement, and construction services. Under the contract, the TendrillWood JV will deliver integrated, end-to-end brownfield EPC projects across Brunei Shell Petroleum's offshore and onshore assets.
The FTSE 250-listed group, which owns 75% of the joint venture, also noted that the five-year contract includes a two-year extension option.
Wood chief executive Ken Gilmartin said: "This award strengthens our position as a trusted EPC partner in Brunei. For over a decade Wood has consistently delivered safe, reliable and efficient engineering and operations solutions to BSP, contributing to domestic energy security.
"Our experience of BSP's assets enables us to advance asset performance while enhancing local skills development and creating opportunities for the regional supply chain."
Reporting by Iain Gilbert at Sharecast.com
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