UK-based consulting and engineering firm Wood has achieved a record-breaking year in the Asia Pacific region, securing A$3 billion (US$2 billion) in contract awards over the past 12 months.
Headquartered in Aberdeen, the company has won a combination of new contracts, extensions, and renewals to deliver advisory, design, execution, and operational services for major energy, mining, and infrastructure projects across Australia, Brunei, Papua New Guinea, Singapore, Timor Leste, and the Philippines.
Among the key awards is a long-term maintenance contract with Esso in Victoria’s Gippsland Basin, aimed at enhancing the operational performance of both onshore and offshore assets.
Wood was also selected to provide brownfield engineering, procurement, and construction management (EPCm) services for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility off the coast of Western Australia—the world’s largest floating offshore gas platform.
Additionally, the firm secured a front-end engineering design (FEED) contract for Singapore’s second LNG terminal, supporting Singapore LNG Corporation in bolstering the nation’s energy infrastructure and LNG supply security.
Ralph Ellis, Wood president of Asia Pacific operations, said: “Demand for energy and resources in the Asia Pacific region continues to soar…We see continued demand for integrated engineering, project delivery and operations solutions across every stage of the asset life cycle. Our pipeline of opportunities underpins Wood’s continued growth in the region.”
Wood has been the target of a prolonged takeover attempt by Middle Eastern firm Sidara, which is reportedly considering an offer of around 35p per share, valuing the company at approximately $320. The deal, which has been extended multiple times, includes taking on Wood’s outstanding debt of about $1.1bn, and a capital boost from Sidara of some $450m.
Energy News Beat