Wood has been awarded a contract extension worth US$250 million by Brunei Shell Petroleum (BSP). The two-year extension will focus on the continued rejuvenation 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 the company is undertaking will maximise the production capacity of the assets whilst minimising related emissions. This cost-reimbursable contract is delivered by the company’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. The award also highlights our continued focus on ensuring energy security across the region whilst minimising 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.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/03072023/wood-secures-contract-extension-in-brunei/