Wood Group has secured a major contract with Shell for the world's largest floating offshore gas facility.
The Aberdeen-headquartered firm has a six-year contract to provide brownfield engineering, procurement and construction management solutions for Shell's Prelude Floating Liquified Natural Gas facility in Western Australia.
Ken Gilmartin, CEO at Wood said "LNG is a key transition fuel as industry balances the need for global energy security with the importance of urgent reduction in carbon emissions.
"We are delighted to build on our 70-year global relationship with Shell to deliver integrated brownfield engineering solutions for Prelude, the world's largest floating offshore gas facility.
"The contract will draw on our global LNG expertise and underlines our position as a market leader for brownfield engineering across Australia."
It's the second major contract win in weeks for Wood, which recently secured a three-year contract woth $46m from TotalEnergies in Iraq.
The firm is also at the centre of a takeover bid from Dubai-based firm Dar Al-Handasah Consultants Shair and Partners (Sidara).
The deadline for the Middle Eastern firm to make a firm offer or walkaway has been extended from July 5 to July 31, at 5PM.
FTSE 100
The UK's flagship share index, the FTSE 100, was down 15-points at 8,178 shortly after opening this morning.
Brent crude oil futures were up 0.06%, trading at $85.80 a barrel.
Companies reporting today
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