REG - Wood Group (John)PLC - EPCm contract to expand ADNOC Gas Habshan facility

John WoodAnnouncement

Tue 13:00

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RNS Number : 0872M  Wood Group (John) PLC  10 June 2025

 

Wood Group (John) PLC

10 June 2025

 

Wood secures significant EPCm contract to expand ADNOC Gas Habshan facility

 

John Wood Group PLC ('Wood' or 'the Company') has been awarded a $2.8 billion
contract by ADNOC to deliver an engineering, procurement and construction
management (EPCm) package for the long-term gas processing facilities at the
UAE's Habshan facility. The contract value includes pass through revenue, with
Wood anticipated to recognise c $400 million of revenue through EPCm services.

 

Wood's scope includes the delivery of substantial upgrades and debottlenecking
solutions to the existing Habshan and Habshan 5 gas processing mega-complexes
and pipelines, including brownfield modifications and the installation of new
facilities.

 

The Rich Gas Development (RGD) project will increase efficiency and modernise
the facility to support increased gas output from ADNOC's upstream expansion.
Habshan is one of the largest gas process complexes in the world.

 

Ken Gilmartin, CEO at Wood, said:

"ADNOC Gas' RGD programme is pivotal to the UAE's energy security strategy and
broader economy. We're proud to be at the heart of such a significant
initiative.

 

"Wood gained extensive knowledge of Habshan delivering the front-end
engineering design and we will deliver the EPCm phase while the facilities
remain fully operational in order to sustain critical gas supply.

 

"This win reinforces our position as a leader in highly complex engineering
and project delivery solutions at considerable scale."

 

The project will be delivered by more than 500 Wood engineering, project
management and commissioning specialists based in Abu Dhabi with support from
the company's global engineering hubs. This scope is due to complete at the
end of 2027.

 

 

 

 For further information:

Simon McGough, President, Investor
Relations                   +44 (0) 7850 978 741

Alex Le May / Ariadna Peretz, FTI Consulting
+44 (0)20 3727 1340

 
 
 FTI_Wood@FTIconsulting.com

 

Notes:

Wood is a global leader in consulting and engineering, delivering critical
solutions across energy and materials markets. We provide consulting, projects
and operations solutions in 60 countries, employing around 35,000 people.
www.woodplc.com

 

 

For further information contact: press.office@woodplc.com
(mailto:press.office@woodplc.com)

 

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