Fossil Fuels Production & Distribution
By Michele Maatouk
Date: Tuesday 10 Jun 2025
LONDON (ShareCast) - (Sharecast News) - Wood Group said on Tuesday that it has been awarded a $2.8bn contract by ADNOC to deliver an engineering, procurement and construction management (EPCm) package for the long-term gas processing facilities at the UAE's Habshan facility.
The contract value includes pass through revenue, with Wood expected to recognise about $400m of revenue through EPCm services.
Wood said its scope includes the delivery of substantial upgrades and debottlenecking solutions to the existing Habshan and Habshan 5 gas processing mega-complexes and pipelines, including brownfield modifications and the installation of new facilities.
Chief executive Ken Gilmartin said: "ADNOC Gas' RGD programme is pivotal to the UAE's energy security strategy and broader economy. We're proud to be at the heart of such a significant initiative.
"Wood gained extensive knowledge of Habshan delivering the front-end engineering design and we will deliver the EPCm phase while the facilities remain fully operational in order to sustain critical gas supply.
"This win reinforces our position as a leader in highly complex engineering and project delivery solutions at considerable scale."
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 18.44p |
Closing Price Change | 0.000p |
% Change | 0.00 % |
52 Week High | 210.20 |
52 Week Low | 17.28 |
Volume | 0 |
Shares Issued | 691.84m |
Market Cap | £127.58m |
RiskGrade | 236 |
Value |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
Value |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
Income | ![]() |
---|
Growth |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
Strong Buy | 2 |
Buy | 0 |
Neutral | 3 |
Sell | 0 |
Strong Sell | 1 |
Total | 6 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 29-Aug-19 | 25-Apr-19 |
Paid | 26-Sep-19 | 16-May-19 |
Amount | 11.40¢ | 23.70¢ |
You are here: research