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WORLEY LIMITED — Capital/Financing Update 2016
Jun 15, 2016
66073_rns_2016-06-15_8b7fcc28-2613-449d-8e0b-1aefea11ff9c.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
16 June 2016
ASX Release
WORLEYPARSONS LIMITED
(ASX: WOR)
WorleyParsonsCord awarded modularization and construction contract by Cutbank Ridge Partnership
WorleyParsonsCord has been awarded a contract to provide module assembly and field construction services (“Works Contract”) for the Cutbank Ridge Partnership Program’s 15-27 Saturn Phase 2 Sweet Gas Plant Project at an approximate contract value of CAD130 million. The plant is located approximately 25 km northwest of Dawson Creek, British Columbia, Canada.
The 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 (“CRP”) is a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi Corporation. CRP is managing the construction of the project on behalf of Veresen Midstream Limited Partnership (“Veresen Midstream”), who is providing midstream services to CRP.
Andrew Wood, Chief Executive Officer of WorleyParsons stated “We are pleased to be able to support the Cutback Ridge Partnership and Veresen Midstream in the development of British Columbia's gas resources. We are also pleased to be able to continue to build on our relationship with Encana, Mitsubishi and Veresen Midstream through the award of this important project”.
For further information please contact:
Analysts & Investors
Fran van Reyk
Investor Relations, Group Marketing and Communications Ph: +61 2 8456 7256 [email protected]
www.worleyparsons.com
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.
WorleyParsons is listed on the Australian Securities Exchange [ASX:WOR].