Latest news with #BruneiShellPetroleum
Yahoo
18 hours ago
- Business
- Yahoo
Wood and Tendrill JV secures EPC contract in Brunei
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. 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. "Wood and Tendrill JV secures EPC contract in Brunei" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
04-06-2025
- Business
- Yahoo
Aker Solutions ASA: PTAS Aker Solutions secures extension of brownfield services contract in Brunei
OSLO, Norway, June 4, 2025 /PRNewswire/ -- PTAS Aker Solutions has secured a significant1 two-year contract extension to provide offshore maintenance and modification services to Brunei Shell Petroleum (BSP). The extension is a result of the customer exercising an option included in the current agreement. PTAS Aker Solutions, a local joint venture between Aker Solutions and the Brunei company PTAS Sdn Bhd, has been awarded a contract extension for delivery of Offshore Restoration Maintenance Construction (ORMC) services for Brunei Shell Petroleum (BSP). The work will be managed from PTAS Aker Solutions Sdn Bhd's office in Kuala Belait, Brunei Darussalam. The scope of work covers maintenance and upgrades to sustain production levels across offshore assets in the South China Sea, with PTAS Aker Solutions serving as the main contractor. "We look forward to leveraging an optimized delivery model and driving targeted improvement initiatives during this contract period. As the main contractor, we are committed to enhancing new ways of working and improving performance and efficiency while delivering cost reductions across the value chain", said Paal Eikeseth, Executive Vice President and head of Aker Solutions' Life Cycle Business. Aker Solutions secured the first ORMC contract for Brunei Shell Petroleum in 2012 and the current contract in 2020 as PTAS Aker Solutions. PTAS Aker Solutions combines strong local execution capabilities, with the full breadth of Aker Solutions' international expertise. The contract will be booked as an order intake in the second quarter of 2025 in the Life Cycle segment. 1 Aker Solutions defines a significant contract as being between NOK 1.5 billion and NOK 2.5 billion. CONTACT: Preben Ørbeckinvestor +47 470 10 611 Ruth Lyckemedia contact +47 906 65 931 This information was brought to you by Cision View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
