Under the enterprise framework agreement (EFA), Wood will offer engineering, procurement, consulting and project management services to the greenfield and brownfield projects of the UK energy giant.
The three-year EFA will see Wood assist Shell in its operations that guarantee energy security and support energy transformation initiatives centred on carbon capture, low-carbon fuels and hydrogen.
To optimise Shell assets around the world, Wood will leverage its experience in decarbonisation, digitalisation and asset life extension.
Wood’s consulting and engineering teams in Australia, Europe, Latin America, Middle East, North America and South East Asia will offer the services.
The contract, of which the financial value was not disclosed, can be extended two times for one year.
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Wood CEO Ken Gilmartin said: “This award continues a 70-year relationship between Shell and Wood, spanning more than 20 countries and numerous major projects.
“Complex project excellence is where we excel and we are aligned with Shell in our strategic ambitions to deliver the energy the world needs today while simultaneously delivering the energy transition at pace. We look forward to continuing to partner with Shell as we work to design a better energy future together.”
Last month, Shell subsidiary Brunei Shell Petroleum (BSP) awarded a two-year contract to Wood.
Valued at $250m (Br335m), the BSP contract will see Wood increase efficiency and production capacity by revitalising BSP’s offshore energy assets.