Wood Group (John) PLC

16 June 2025

Wood JV wins new major EPC contract in Brunei

John Wood Group PLC ('Wood' or 'the Company') and its joint venture (JV) partner, Tendrill International Sdn. Bhd, has secured a five-year contract with Brunei Shell Petroleum Sdn Bhd (BSP) for brownfield engineering, procurement, and construction (EPC) services.

Under the contract, the TendrillWood JV will deliver integrated, end-to-end brownfield EPC projects, from conceptual design through commissioning and start-up, across BSP offshore and onshore assets.

BSP is the largest oil and gas producer in Brunei Darussalam, contributing significantly to Brunei Darussalam's daily oil and gas production.

TendrillWood employs approximately 1,000 people, 70% of which are Bruneian.  Under this contract, the JV will continue to invest in the development of local expertise and the supply chain.

Ken Gilmartin, CEO at Wood 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."

Haryati Ramlee, Managing Director at Tendrill said:

"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."

This is a five-year contract which includes a two-year extension option.

The TendrillWood JV was established in 2023 and provides engineering, procurement and construction services in Brunei.

Notes:

The TendrillWood joint venture is 75% owned by Wood and thus accounted for as a subsidiary and fully consolidated in our results.

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

Tendrill is an established local company which was formed in 1987 and delivers end to end integrated services to Brunei energy industry in the segments of Operations & Maintenance, Pipeline & Process Services, Decommissioning, Well integrity and Sub-Sea Services. www.tendrill.com

TendrillWood combines Tendrill's local experience with Wood's best in class global expertise. The joint venture company provides engineering, procurement and construction (EPC) services to the local energy market in Brunei. Specialing in project servces, engineering design, materials and services procurement, logistic and construction. TendrillWood continuously delivers predictable outcomes, eliminating uncertainty whilst ensuring safe and reliable operations through strategic planning and risk mitigation.