|
John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Awarded ‘significant’ new contract by Esso Australia Resources Pty Ltd to provide maintenance of onshore and offshore assets in Gippsland Basin in Victoria state. John Wood says the ‘long-term’ contract starts this month and will create 250 jobs in Victoria. It doesn’t provide the monetary value of the contract, nor its exact term. Esso Australia, a subsidiary of the US’s Exxon Mobil Corp, is the operator of the Gippsland Basin gas project, which it owns in a 50-50 joint venture with Woodside Energy Pty Ltd, part of Australia’s Woodside Energy Group Ltd. The project is the single largest source of natural gas for the Australian domestic market, supplying 40% of east coast demand. John Wood will provide maintenance and shutdown support for the JV’s offshore assets in the Bass Strait, as well as for its Longford and Long Island Point facilities. Current stock price: 69.67 pence, up 1.9% in London on Monday 12-month change: down 61% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
