Wood Group wins maintenance contract with Esso Australia

(Sharecast News) - Wood Group on Monday said it had won a contract to provide long-term maintenance for Esso's onshore and offshore assets in Australia's Gippsland Basin. The company will provide maintenance services and shutdown support to optimise operational performance of offshore assets in the Bass Strait along with the Longford and Long Island Point facilities in the state of Victoria where Esso has a joint venture with Woodside Energy. No financial details were disclosed.

The Bass Strait is the largest single source of natural gas for the domestic market in Australia and supplies approximately 40% of the country's east coast demand.

Wood said it had won the contract, which will create around 250 jobs, through a competitive tender process. It will start in January 2025.

Reporting by Frank Prenesti for Sharecast.com