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John Wood Group PLC was awarded a $2.8 billion engineering, procurement and construction management (EPCm) contract by ADNOC Gas. This contract is for the Rich Gas Development project at the UAE's Habshan facility, with Wood anticipated to recognize approximately $400 million in revenue from EPCm services. The project scope is due to complete at the end of 2027.
| Date | 10 Jun 2025 |
| Time | 12:56:12 |
| Category | Corporate updates |
| ID | 0872M |
Wood Group (John) PLC
10 June 2025
Wood secures significant EPCm contract to expand ADNOC Gas Habshan facility
John Wood Group PLC ('Wood' or 'the Company') has been awarded a $2.8 billion contract by ADNOC to deliver an engineering, procurement and construction management (EPCm) package for the long-term gas processing facilities at the UAE's Habshan facility. The contract value includes pass through revenue, with Wood anticipated to recognise c $400 million of revenue through EPCm services.
Wood's scope includes the delivery of substantial upgrades and debottlenecking solutions to the existing Habshan and Habshan 5 gas processing mega-complexes and pipelines, including brownfield modifications and the installation of new facilities.
The Rich Gas Development (RGD) project will increase efficiency and modernise the facility to support increased gas output from ADNOC's upstream expansion. Habshan is one of the largest gas process complexes in the world.
Ken Gilmartin, CEO at Wood, said:
"ADNOC Gas' RGD programme is pivotal to the UAE's energy security strategy and broader economy. We're proud to be at the heart of such a significant initiative.
"Wood gained extensive knowledge of Habshan delivering the front-end engineering design and we will deliver the EPCm phase while the facilities remain fully operational in order to sustain critical gas supply.
"This win reinforces our position as a leader in highly complex engineering and project delivery solutions at considerable scale."
The project will be delivered by more than 500 Wood engineering, project management and commissioning specialists based in Abu Dhabi with support from the company's global engineering hubs. This scope is due to complete at the end of 2027.
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For further information: |
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Simon McGough, President, Investor Relations +44 (0) 7850 978 741
Alex Le May / Ariadna Peretz, FTI Consulting +44 (0)20 3727 1340
FTI_Wood@FTIconsulting.com
Notes:
Wood is a global leader in consulting and engineering, delivering critical solutions across energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people. www.woodplc.com
For further information contact: press.office@woodplc.com