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WORLEY LIMITED — Capital/Financing Update 2011
Nov 14, 2011
66073_rns_2011-11-14_5093d777-af27-4d41-8a22-215793cff921.pdf
Capital/Financing Update
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Level 12, 141 Walker 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
14 November 2011
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
Award of refinery expansion and modernization contract in Costa Rica
WorleyParsons announces the award of a contract for the project management team and front end engineering and design services for both the inside and outside battery limits of the SORESCO Moin Refinery expansion and modernization project in Costa Rica. SORESCO is the 50-50 joint venture between RECOPE (the Costa Rican state owned oil refining company) and CNPCI (China National Petroleum Corporation International) established for this project to expand the current refinery to a 60,000 barrels per day facility.
To execute this project, WorleyParsons will utilize teams from its offices in the United States and China.
The estimated revenue to be received by WorleyParsons under this contract is US $67.4 million.
Chief Executive Officer of WorleyParsons, John Grill commented: “This is an excellent demonstration of our global capabilities, the collaborative efforts among our diverse locations, and the alignment of our resources to match our customers' project needs. We look forward to undertaking this refining capacity expansion in Central America."
For further information please contact:
Andrew Wood Geoff Fowlstone Group Managing Director – Finance/ CFO Fowlstone Communications Ph: +61 2 8923 6866 Ph: +61 2 9955 9899 www.worleyparsons.com Mob: +61 413 746 949 [email protected]