Aberdeen's Wood Group has secured a five-year contract to provide brownfield engineering, procurement, and construction (EPC) services to Brunei Shell Petroleum (BSP).
Under the contract, with its joint venture (JV) partner Tendrill International, Wood will deliver integrated, end-to-end brownfield EPC projects, from conceptual design through commissioning and start-up, across BSP offshore and onshore assets.
Ken Gilmartin, chief executive officer at Wood 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."
BSP is the largest oil and gas producer in Brunei Darussalam, contributing significantly to Brunei Darussalam's daily oil and gas production.
Haryati Ramlee, managing director at Tendrill said: "This award marks a significant milestone for Tendrill and our joint venture with Wood. Our local expertise will complement Wood's experience to deliver safe, efficient and result-driven outcomes for BSP while aligning to the national agenda to maximise local content, capacity development and long-term value creation for the country.
"Our joint venture brings world-class standard to local operations while ensuring our people, our communities and our industries continue to benefit."
In addition to its five-year duration, the contract includes a two-year extension option.
FTSE 100
The UK's flagship share index, the FTSE 100, was up three points at 8,863 shortly after opening this morning.
Brent crude oil futures were down 33% at $70.45 a barrel.