Wood Group wins six-year contract at Shell Prelude facility

Wood Group (John)
25.80p
17:00 20/02/25
Engineering and consulting firm Wood Group has signed a six-year contract with energy giant Shell to provide brownfield engineering, procurement, and construction management solutions.
FTSE 100
8,662.97
17:09 20/02/25
FTSE 250
20,612.77
17:14 20/02/25
FTSE 350
4,745.51
17:14 20/02/25
FTSE All-Share
4,694.99
16:40 20/02/25
Oil & Gas Producers
8,689.67
17:14 20/02/25
Oil Equipment, Services & Distribution
4,928.34
16:30 18/12/24
Shell
2,684.00p
16:40 20/02/25
The contract will see Wood Group provide services to Shell's Prelude floating liquefied natural gas platform facility in Western Australia – the largest floating offshore gas facility in the world. No financial details were disclosed regarding the contract.
"We are delighted to build on our 70-year global relationship with Shell to deliver integrated brownfield engineering solutions for Prelude," said Wood's chief executive Ken Gilmartin.
"LNG is a key transition fuel as industry balances the need for global energy security with the importance of urgent reduction in carbon emissions."
Shell owns a 67.5% in Prelude, which has a production capacity of 5.3m tonnes per annum of liquids. The facility started production in late-2018 and is expected to stay at its location 200km off the coast for 20 to 25 years in total.
Gilmartin said the award underlines Wood's position as a "market leader for brownfield engineering across Australia".