WOOD WINS $250 MILLION OFFSHORE CONTRACT EXTENSION TO MAXIMIZE BRUNEI OIL, GAS PRODUCTION

(WO) – Wood has been awarded a contract extension worth approximately $250 million by Brunei Shell Petroleum (BSP), Brunei’s largest energy producer. The two-year extension will focus on the continued rejuvenation of BSP’s offshore energy asset portfolio to maximize production capacity and efficiency.

Ken Gilmartin

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 maximize the production capacity of the assets whilst minimizing related emissions. This cost-reimbursable contract is delivered by Wood’s Operations business unit.

Ken Gilmartin, CEO at Wood, commented, “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. 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 minimizing the environmental impact of doing so.”

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, Philippines office.