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WORLEY LIMITED — Capital/Financing Update 2017
Feb 22, 2017
66073_rns_2017-02-22_97e6fe69-3b06-48d8-9a65-14a4ea9e7b33.pdf
Capital/Financing Update
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Level 15, 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
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23 February 2017
ASX Release WORLEYPARSONS LIMITED
(ASX: WOR)
WorleyParsons awarded EPC Brownfield Services BP Master Services Agreement for the Gulf of Mexico
WorleyParsons, in Joint Venture with Grand Isle Shipyard (GIS), has been awarded a five year Master Services Agreement for Engineering, Procurement and Construction (EPC) services. The JV, GW Integrated Solutions LLC, is prepared to deliver a fully integrated suite of Asset Management Services, focussing on the implementation of a program of facility modifications and turnarounds across BP-operated offshore assets in the Gulf of Mexico.
Specific work scopes will be carried out under individual call-off contracts, and accordingly no firm work is currently committed under the agreement.
GW Integrated Solutions LLC will draw upon our combined experience in brownfield engineering, procurement, fabrication and direct-hire offshore construction. This single-point accountability follows our established global standard for execution of EPC, turnaround, maintenance and other life cycle support services.
“We are pleased to continue our long standing relationship with BP and further demonstrate the value of our Integrated Solutions offering through the GW Integrated Solutions joint venture” said Andrew Wood, Chief Executive Officer of WorleyParsons.
For further information please contact:
Mark Trueman Director Planning & Investor Relations 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].