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WORLEY LIMITED — Capital/Financing Update 2011
Apr 12, 2011
66073_rns_2011-04-12_92efe232-d48d-4c59-a4b3-27c2a3add9ce.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
13 April 2011
ASX Release WorleyParsons Limited (ASX: WOR)
ChemaWEyaat PMC contract award for Tacaamol
Abu Dhabi National Chemicals Company (ChemaWEyaat) has awarded WorleyParsons the Project Management Consultancy (PMC) contract for the Tacaamol Aromatics Project. ChemaWEyaat and WorleyParsons entered into a long term frame agreement for engineering and management services in January 2009 and this award further builds on that relationship. WorleyParsons’ London and Abu Dhabi offices will be the primary resource centers for this project.
The Tacaamol Aromatics Project includes the design and construction of one of the world’s largest reformers to date, with a projected capacity of about 70 thousand barrels per day and producing benzene and paraxylene. Feedstocks for the plant will be provided by Abu Dhabi National Oil Company (ADNOC).
ChemaWEyaat’s first phase projects include the Tacaamol Aromatics Project and the Madeenat ChemaWEyaat Al Gharbia (MCAG) project which will develop the 70 square kilometers of land allocated to ChemaWEyaat by the government of Abu Dhabi for the chemicals city known as Madeenat ChemaWEyaat Al Gharbia, located in Al Gharbia near ADNOC’s Ruwais Industrial Complex. The MCAG project will provide infrastructure requirements for the Tacaamol Aromatics Project.
WorleyParsons’ Chief Executive Officer, John Grill, said, "The award of the Tacaamol Aromatics Project is a recognition of our capability to bring together the right mix of people, processes and systems to work on such mega projects in the region. We are confident that our long term partnership with ChemaWEyaat will form the basis for the successful development of the Madeenat ChemaWEyaat Al Gharbia in Abu Dhabi."
For further information please contact:
David Housego Geoff Fowlstone Chief Financial Officer Fowlstone Communications Ph: +61 2 8923 6866 Ph: +61 2 9955 9899 www.worleyparsons.com Mob: +61 413 746 949 [email protected]