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WORLEY LIMITED — Capital/Financing Update 2014
Mar 2, 2014
66073_rns_2014-03-02_6f4f45b2-b927-4c21-82dd-0634b7dde246.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
3 March 2014
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
WorleyParsons awarded Canadian Bitumen Refinery Project
WorleyParsons has been appointed to provide detailed engineering and procurement services for the tankfarm, piperack, and flare units of Phase 1 of the North West Redwater Partnership’s greenfield bitumen refinery project, located in Sturgeon County, approximately 45km northeast of Edmonton in the Alberta’s Industrial Heartland area.
The work will be performed by WorleyParsons in its Edmonton, Toronto and Mumbai offices, beginning immediately. Phase 1 commercial operations are targeted for September 2017. The value of services to be provided by WorleyParsons is approximately $130 million CAD.
The North West Redwater Partnership is a joint venture between North West Upgrading Inc. and Canadian Natural Upgrading Limited, a wholly owned subsidiary of Canadian Natural Resources Limited. Phase 1 of the $8.5B Sturgeon Refinery project is designed to process 50,000 barrels per day of bitumen.
Commenting on the award, WorleyParsons Chief Executive Officer Andrew Wood said, “We are pleased North West Redwater Partnership has selected WorleyParsons to be part of a world class bitumen refinery in Alberta’s Industrial Heartland, the first greenfield refinery built in Canada since 1984”.
For further information please contact:
Analysts & Investors Fran van Reyk Investor Relations Ph: +61 2 8456 7256 www.worleyparsons.com
Media Geoff Fowlstone Fowlstone Communications Ph: +61 2 9955 9899 Mob: +61 413 746 949 [email protected]