Wood Group secures $120m contract extension with Shell UK

(Sharecast News) - Wood Group said on Thursday that it has been awarded a $120m contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the UK. The two-year, cost-reimbursable contract extension, centres on providing brownfield EPC services, as well as subsea and integrity management, at the Shell UK-operated St Fergus and Mossmorran onshore terminals and the Nelson, Gannet and Shearwater offshore assets.

New to the contract scope, Wood is also providing EPC services on the Penguins FPSO.

Chief executive Ken Gilmartin said: "We are proud to continue our decades-long relationship with Shell in the UK, focusing on the continued delivery of safe, reliable energy supply. The extension is recognition of our people and their commitment to deliver best-in-class outcomes for our clients."

Wood secured the original EPC contract in 2021.