Wood wins significant contract with Esso Australia

Wood Group (John) PLC
20 January 2025
 

A close up of a logo Description automatically generated

 

Wood Group (John) PLC

20 January 2025

 

Wood wins significant new maintenance contract with Esso Australia

 

John Wood Group PLC ('Wood' or 'the Company') has been awarded a significant new contract to provide long-term maintenance solutions for onshore and offshore assets in the Gippsland Basin, Victoria, operated by Esso Australia.

Supporting safe energy production, Wood will provide maintenance services and shutdown support to optimise operational performance of the Gippsland Basin Joint Venture's offshore assets in the Bass Strait and the Longford and Long Island Point facilities. The Bass Strait is the largest single source of natural gas for the domestic market in Australia and supplies approximately 40% of the country's east coast demand.

Wood won this contract through a competitive tender process and will see the company create around 250 jobs in the state of Victoria in early 2025. The agreement is a long-term contract that commences in January 2025.

Ken Gilmartin, CEO of Wood said:
"We are proud to be trusted by Esso Australia as their maintenance partner in the Gippsland Basin, operating assets and facilities critical to the country's energy security.

"Wood is a market leader in integrated operations and maintenance solutions with a growing portfolio in Australia as we bring our expertise to an expanding client base. This contract award recognises the quality of our delivery capability, our commitment to safe operations, the skills and expertise of our people and our enduring relationship with Esso Australia."

This latest win follows a recently awarded five-year contract renewal to continue delivering brownfield engineering, procurement and construction (EPC) solutions across the same Gippsland Basin assets.

The Gippsland Basin Joint Venture is a 50-50 joint venture between Esso Australia Resources Pty Ltd and Woodside Energy Pty Ltd., operated by Esso Australia.

For further information:

 

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

 

 

Note to Editors:  
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 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings