John Wood Group wins major contract with Shell in Brunei for brownfield services.

John Wood Group, an Aberdeen-based oilfield and engineering services provider, has secured a "major" five-year contract with Brunei Shell Petroleum for brownfield engineering, procurement, and construction services. The contract has a two-year extension option and marks a significant milestone for the TendrillWood joint venture. Financial details are not provided. Wood Group's shares have been suspended since May 1.

John Wood Group, a leading oilfield and engineering services provider based in Aberdeen, has secured a significant five-year contract with Brunei Shell Petroleum (BSP). The deal, announced on June 16, 2025, involves brownfield engineering, procurement, and construction services, marking a notable milestone for the TendrillWood joint venture. The contract includes a two-year extension option, highlighting the potential for further collaboration between the parties.

The contract, which was awarded through the joint venture with Tendrill International, is expected to contribute to the ongoing development and maintenance of Brunei Shell Petroleum's offshore assets in the South China Sea. While financial details were not disclosed in the initial announcement, the contract signifies a substantial commitment from Brunei Shell Petroleum to enhance its operational capabilities and production levels.

The announcement comes as part of a broader trend in the oil and gas industry, where companies are increasingly focusing on upgrading and maintaining existing infrastructure to maximize efficiency and production. This strategy aligns with Brunei Shell Petroleum's objectives to sustain and enhance its offshore operations in the region.

John Wood Group's shares have been suspended since May 1, 2025, following the company's recent financial restructuring. The suspension has been in place to facilitate a thorough review of the company's financial position and strategic direction. Despite the temporary suspension, the award of this major contract indicates a renewed focus on securing significant projects and reinforcing the company's position in the global oilfield services market.

For investors and financial professionals, this contract serves as a positive indicator of John Wood Group's ability to secure substantial projects and maintain its market leadership in complex engineering and project delivery solutions. The contract's details and potential extension options will be closely watched as they may provide insights into the company's future performance and growth prospects.

References:
[1] https://www.marketscreener.com/news/latest/John-Wood-JV-Receives-New-Contract-in-Brunei-Darussalam-50247059/
[2] https://www.rigzone.com/news/ptas_aker_solutions_secures_contract_extension_with_brunei_shell_petroleum-10-jun-2025-180804-article/?rss=true