REG - Wood Group (John)PLC - Wood JV wins new major EPC contract in Brunei

John WoodAnnouncement

16/06/2025 07:00

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RNS Number : 8391M  Wood Group (John) PLC  16 June 2025

 

Wood Group (John) PLC

16 June 2025

 

Wood JV wins new major EPC contract in Brunei

 

John Wood Group PLC ('Wood' or 'the Company') and its joint venture (JV)
partner, Tendrill International Sdn. Bhd, has secured a five-year contract
with Brunei Shell Petroleum Sdn Bhd (BSP) for brownfield engineering,
procurement, and construction (EPC) services.

 

Under the contract, the TendrillWood JV will deliver integrated, end-to-end
brownfield EPC projects, from conceptual design through commissioning and
start-up, across BSP offshore and onshore assets.

 

BSP is the largest oil and gas producer in Brunei Darussalam, contributing
significantly to Brunei Darussalam's daily oil and gas production.

 

TendrillWood employs approximately 1,000 people, 70% of which are Bruneian.
Under this contract, the JV will continue to invest in the development of
local expertise and the supply chain.

 

Ken Gilmartin, CEO 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."

 

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."

 

This is a five-year contract which includes a two-year extension option.

 

The TendrillWood JV was established in 2023 and provides engineering,
procurement and construction services in Brunei.

 

 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:

 

The TendrillWood joint venture is 75% owned by Wood and thus accounted for as
a subsidiary and fully consolidated in our results.

 

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 (https://www.woodplc.com/)

 

Tendrill is an established local company which was formed in 1987 and delivers
end to end integrated services to Brunei energy industry in the segments of
Operations & Maintenance, Pipeline & Process Services,
Decommissioning, Well integrity and Sub-Sea Services. www.tendrill.com
(https://tendrill.com/)

 

TendrillWood combines Tendrill's local experience with Wood's best in class
global expertise. The joint venture company provides engineering, procurement
and construction (EPC) services to the local energy market in Brunei.
Specialing in project servces, engineering design, materials and services
procurement, logistic and construction. TendrillWood continuously delivers
predictable outcomes, eliminating uncertainty whilst ensuring safe and
reliable operations through strategic planning and risk mitigation.

 

 

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