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WORLEY LIMITED — Capital/Financing Update 2008
Jun 3, 2008
66073_rns_2008-06-03_21b85d98-7aa7-4b30-87b5-1e616ea98d68.pdf
Capital/Financing Update
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Level 7, 116 Miller Street North Sydney NSW 2060 Australia Telephone: +61 2 8923 6866 Facsimile: +61 2 8923 6877 worleyparsons.com WorleyParsons Limited ABN 17 096 090 158
4 June 2008
ASX Release WORLEYPARSONS LIMITED
(ASX: WOR)
BP awards WorleyParsons EPMS contract to support offshore operations
WorleyParsons is pleased to announce the award by BP of an Engineering and Project Management Services (EPMS) contract to support BP’s offshore production facilities. WorleyParsons is one of three contractors selected to provide these services across BP’s global offshore facilities under a four year contract with an option to extend.
BP’s Exploration and Production Segment has a substantial program of offshore development projects across the globe for the next several years. BP has adopted the use of long term EPMS contracts as a way of ensuring this program of offshore development projects is delivered safely with technical integrity and high long term operating efficiency in a very challenging worldwide project delivery market. At this stage no work has been awarded under the contract but it is likely that the contract will provide a material contribution to the company over time.
Commenting, the Chief Executive Officer of WorleyParsons, John Grill, said: “WorleyParsons is delighted to have been selected by BP for one of its Global EPMS contracts. We welcome the opportunity to assist BP in delivering quality and performance while creating long term superior value for BP and its partners.”
For further information please contact:
David Housego Chief Financial Officer Ph: +61 2 8923 6866 www.worleyparsons.com
Geoff Fowlstone Fowlstone Communications Ph: +61 2 9955 9899 Mob: +61(0) 413 746 949 [email protected]