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WORLEY LIMITED — Capital/Financing Update 2015
Sep 20, 2015
66073_rns_2015-09-20_18126a0d-a5f9-4ec6-9e43-457f7860fe5e.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
21 September 2015
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
WorleyParsonsCord awarded a Fabrication, Modularization and Construction Contract by Cutbank Ridge Partnership
WorleyParsonsCord has been awarded a contract to provide the pipe fabrication, module assembly and field construction services (Works Contract) for the Cutbank Ridge Partnership Program’s 03-07 Tower Sweet Gas Plant Project. Expected revenue to WorleyParsonsCord from the contract is CAD164 million. The Plant is located approximately 40 km northwest of Dawson Creek, British Columbia, Canada.
The Works Contract will be led and executed by the WorleyParsonsCord Edmonton, Alberta Operations, which has been delivering modularization and construction services to western Canadian hydrocarbons, power and chemical sectors for several decades. WorleyParsonsCord will be working with communities and local businesses located in northeastern British Columbia during the field construction phase of the project.
The Cutbank Ridge Partnership is a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi Corporation.
“We are very pleased to have been awarded this important contract which builds on our long standing relationship with Encana and its Partnership,” said Andrew Wood, Chief Executive Officer of WorleyParsons.
For further information please contact:
Fran van Reyk Investor Relations & Group Communications Ph: +61 2 8456 7256 [email protected]
About WorleyParsons: WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.