Wood has been awarded a contract extension worth approximately $250m by Brunei Shell Petroleum (BSP), the country's largest energy producer.
The two-year add-on will focus on the continued renovation of BSP’s offshore energy asset portfolio, to maximise production capacity and efficiency.
The scope of the contract includes brownfield engineering, procurement, construction and commissioning services, as well as the management of its offshore marine fleet.
The work Wood is undertaking will maximise the production capacity of the assets, while minimising related emissions.
Chief executive Ken Gilmartin commented: “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.
“It is also testament to our track record of performance excellence, safe operations and innovative technical expertise.
“The award also highlights our continued focus on ensuring energy security across the region, whilst minimising the environmental impact of doing so.”
Employing around 1,500 staff under the contract - 65% of which are local to Brunei - Wood stated that it is committed to investing in local people through the Wawasan Brunei 2035 programme to advance employment and skills of the country’s workforce.
The extension to February 2026 means Wood will deliver a range of services to BSP’s top 20 offshore installations, which account for around 80% of the company’s total oil and gas production.
The contract will be delivered by Wood’s teams in Brunei from the company’s main location in Kuala Belait, and offshore, supported by the Manila office.
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