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Wood and Tendrill JV secures EPC contract in Brunei

Wood and Tendrill JV secures EPC contract in Brunei

Financial News
Wood and Tendrill JV secures EPC contract in Brunei
BSP plays a pivotal role in the region’s oil and gas production. Credit: LiteHeavy/Shutterstock.

Wood Group, in partnership with Tendrill International, has secured an engineering, procurement and construction (EPC) contract from Brunei Shell Petroleum (BSP) for a period of five years.

The TendrillWood joint venture (JV) will deliver brownfield EPC projects, encompassing the entire process from conceptual design to commissioning and start-up, for BSP’s offshore and onshore assets.

BSP is claimed to be the “largest oil and gas producer in Brunei Darussalam” and plays a pivotal role in the region’s oil and gas production.

Wood CEO Ken Gilmartin 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.”

 The TendrillWood JV, formed in 2023, employs around 1,000 individuals with Bruneians making up 70% of the workforce.

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The agreement also includes an option to extend the contract for an additional two years beyond the initial five-year term.

Tendrill managing director Haryati Ramlee added:“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.”

Earlier this year, Shell UK awarded a $120m (£94.77m) contract extension to engineering and consulting company Wood to continue providing brownfield EPC services for its onshore and offshore assets across the UK.

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