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WORLEY LIMITED — Capital/Financing Update 2012
Jan 11, 2012
66073_rns_2012-01-11_7c83e289-94f3-42de-b196-a46780470a6a.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
12 January 2012
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
Point Thomson Initial Production System Contract
WorleyParsons is pleased to announce that it has been awarded a contract by ExxonMobil for engineering, procurement and construction (EPC) services for the Point Thomson Initial Production System Project. ExxonMobil has authorized the next phase of the EPC contract. If the project moves forward as currently planned, WorleyParsons estimates its portion of reimbursable project services to be approximately US$ 115 million over five years.
Point Thomson is a remote field, located along the Beaufort Sea on the North Slope of Alaska approximately 100 kilometres east of Prudhoe Bay. The project includes gas processing facilities to produce 10,000 barrels a day of gas condensate, supporting infrastructure and an export pipeline.
WorleyParsons, working with Fluor, will provide overall project management and EPC services. PND Engineers, based in Anchorage, will provide infrastructure and civil design. Michael Baker Jr. will develop the pipeline design from their Anchorage office. Additional subcontracts will be awarded to multiple third parties, with a special emphasis on companies based in Alaska.
Commenting, WorleyParsons’ Chief Executive Officer John Grill said: “WorleyParsons is excited to be selected by ExxonMobil for the challenging Point Thomson project which will utilize our 40 years proven expertise in Arctic design and construction”.
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] |