Posts Tagged ‘Worley Parsons’

Worley Parsons Enters Saudi Arabian Aluminium Smelter Joint Venture

Tuesday, May 25th, 2010

Further to the announcement to the ASX on 3 May 2010, WorleyParsons (WOR) can now confirm that it has been selected, in joint venture with Fluor Corporation, to be the managing partner in the development of a major new world class bauxite mine and alumina refinery for the Ma’aden-Alcoa joint venture in Saudi Arabia. WorleyParsons’ appointment follows its successful completion of front end engineering and associated services for the project, reinforcing its position as a global leader in the bauxite and alumina industry. The multi-billion dollar project will comprise a mine to be located at Al Ba’itha in the north of the Kingdom and an alumina refinery which will form part of a major new aluminium complex at Ras Az Zawr located on the gulf coast. WorleyParsons will provide engineering, procurement and construction management services in a 50:50 joint venture with Fluor Corporation.

WorleyParsons’ Chief Executive Officer, Mr John Grill said “We are pleased with our appointment to the mine and refinery project. This project will continue our involvement with Ma’aden’s ongoing developments and reinforces our project delivery capability and presence in the region.” Revenue to WorleyParsons from the project is estimated to be more than A$100million.

www.worleyparsons.com

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Worley Parsons Secures $100 million Dupont Contract

Wednesday, May 5th, 2010

WorleyParsons is pleased to announce that it has been awarded a three year contract for engineering, procurement and construction management services (EPCM) by the diversified chemicals and manufacturing giant DuPont. The contract is to provide services to support DuPont facilities in Canada, China and the United Kingdom, with discretionary opportunities in the United States for projects with an individual value greater than US$10 million.

This is a three year master services agreement to perform EPCM services to execute DuPont capital projects for select businesses in these regions. WorleyParsons will also provide site based teams and staff augmentation services to support DuPont’s manufacturing facilities.

WorleyParsons will deliver the services through its global network of offices and by working with DuPont in integrated teams either at manufacturing facilities or in DuPont’s regional centres.   The contract is estimated to generate total revenue of US$100 million over the three year term.

Commenting on the contract award, the Chief Executive Officer of WorleyParsons, Mr John Grill said: “We are excited to work with DuPont, one of the world’s leading companies, to drive long term contract performance improvement, such as safety, optimal capital spend and the efficient and effective use of resources.”

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Worley Parsons Secures North Sea Contract

Sunday, March 14th, 2010

WorleyParsons Limited (WOR) is pleased to announce that it has been selected to provide front end engineering design (FEED) definition and advanced procurement services for ConocoPhillips-operated Jasmine Area Development project in the North Sea. The contract also includes an option for the detailed engineering of Jasmine and follows WorleyParsons’ successful performance of the Jasmine FEED optimisation services. WorleyParsons is performing the work from its offices in London, Woking and Kuala Lumpur.

Mr Stuart Bradie, WorleyParsons’ Regional Managing Director Europe & Africa, says: “This award by ConocoPhillips is WorleyParsons’ first major offshore platform award in the North Sea and reinforces our commitment to the expansion of our offshore business in the North Sea.”

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Worley Parsons Acquires Brazilian CNEC Engenharia

Tuesday, January 5th, 2010

WorleyParsons (WOR) and Brazilian conglomerate Camargo Correa today announced an agreement for WorleyParsons to acquire CNEC Engenharia (CNEC), the stand alone engineering and project management operation of the Camargo Correa E&C division. The purchase price will be BRL170.0 million comprising BRL130.0 million in consideration and BRL40.0 million which will be initially retained by the business as a non-core asset. The business’ pro-forma EBITDA (earnings before interest tax depreciation and amortization) for the year ending June 2010 is estimated to be BRL24.5 million.

The capability of CNEC, based in Sao Paulo, Brazil complements the existing capabilities of WorleyParsons’ resource and energy businesses and provides a springboard for the next phase of WorleyParsons’ growth across South America. CNEC has built a regional and international reputation in thermoelectric and hydroelectric plants, subways, ports, airports, highways, wastewater, industrial plants, refining and distributing oil and gas, petrochemical and urban development throughout Brazil and in Latin America and Africa.

Robert Edwardes, Managing Director of WorleyParsons’ United States and Latin America region commented: “The acquisition of CNEC is key to WorleyParsons achieving growth and expanding our hydrocarbons, power, infrastructure, mining and metals capability by incorporating CNEC’s globally recognized multi-discipline capabilities. CNEC will be a significant enhancement to WorleyParsons’ Latin American group. Also commenting, the President of CNEC, Mr. José Ayres de Campos said: “Joining WorleyParsons is an exciting development for CNEC, which celebrated its 50th year of business just last year. This merger of complementary talent will enable CNEC to grow geographically while adding to our core technical areas of expertise enabling us to provide our clients with a more comprehensive service both domestically and internationally.”

WorleyParsons is a leading provider of professional services to the energy, resource and complex process industries. WorleyParsons’ business has been built by working closely with customers through long-term relationships, anticipating their needs and delivering inventive solutions through streamlined, proprietary project delivery systems. With 28,800 employees in 110 offices and 37 countries, its service capability covers the entire project lifecycle: from identifying the opportunity to the operating phase. CNEC is part of the Engineering & Construction (E&C) Division of the Brazilian conglomerate Camargo Correa and became a wholly owned subsidiary in the 1990s. CNEC services the downstream hydrocarbons, minerals and metals, hydroelectric, infrastructure (transport, water/wastewater) and environmental industries of Brazil. It is an established leader in Brazil hydro-power, with a world class capability.

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Transfield Services and Worley Parsons Secure $76 million Phillipines Contract

Thursday, December 10th, 2009

Transfield Services (TSE) with WorleyParsons’ (WOR) joint venture (TSWP) today signed a seven-year contract valued at approximately AUD$76 million to deliver integrated services to Shell Philippines Exploration at its Malampaya gas facility. The contract includes a three-year extension option. TSWP will provide the base engineering, procurement, construction, maintenance and shutdown services to the Malampaya facilities from 1 January 2010, and will have the opportunity to access additional high value capital works during the lifetime of this contract. These facilities include a shallow water offshore platform off the island of Palawan and 500 kilometres of sub-sea pipeline, an onshore gas processing plant at Batangas, south of Manila, and an onshore gas pipeline to two power stations within Batangas.

Managing Director and Chief Executive Officer of Transfield Services, Dr Peter Goode, said today: “We deliver integrated services to oil and gas clients globally to improve their assets reliability and productivity, including RasGas in Qatar. This expertise will be essential to Shell in the Philippines, which supplies gas to meet 40 per cent of the country’s needs.” WorleyParsons’ Chief Executive Officer, Mr John Grill, said: “Shell has the benefit of TSWP’s world class systems and extensive track record in the delivery of maintenance, shutdowns and project delivery to hydrocarbon facilities both inside and outside Australia. This includes Shell Todd Oil Services in New Zealand and Woodside in Australia. Clients can concentrate on their core business while we support their plant running smoothly.”

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

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Worley Parsons Awarded $950 Million Contract

Thursday, November 26th, 2009

WorleyParsons (WOR) is pleased to announce that the Tennessee Valley Authority (TVA) Board has approved awarding a contract to G UB MK Constructors, a joint venture of WorleyParsons, Williams Plant Services and URS Corporation’s Washington Division, for maintenance and modification construction services at TVA’s electric generation facilities.

These facilities include seven coal-fired plants and all of its hydroelectric facilities located primarily in Tennessee, Kentucky and Alabama, and some work in North Carolina, Virginia and Mississippi. This is a major power improve contract for WorleyParsons, which demonstrates the team’s success in long-term asset services and its commitment to work effectively with TVA and its joint venture partners.  WorleyParsons’ Improve offering focuses on existing plant operations, delivery of major projects, upgrades, improvements and maintenance projects to sustain assets and improvement to its customers’ business performance. The contract has a base term of five years and a total maximum contract value of US $950 million over the base period.

“We are pleased that TVA continues to recognize the expertise of G UB MK Constructors in effective planning and successful execution of large scale power plant maintenance, modifications, and improvement projects. G UB MK is proud to be part of the solutions to industry challenges that our customers face in such difficult economic circumstances using our Improve approach and suite of services as a basis” said Mr John Grill, WorleyParsons’ Chief Executive Officer.

G UB MK Constructors has been working with TVA on similar work since 1991, performing modifications, maintenance and capital improvements on 30 individual boiler plants at six coal-fired power generating stations totaling 7,900 megawatts and all of TVA’s hydroelectric facilities. The primary focus of G UB MK continues to be a positive working relationship with the TVA Trades & Labor to achieve zero safety incidents, continuous reduction of the cost of modification projects and the return of generating units to service in support of TVA’s mission of providing reliable and economic power for its customers throughout the Tennessee Valley region.

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Worley Parsons Wins US Steel Contract Worth US$50 million

Monday, September 21st, 2009

WorleyParsons (WOR) has been awarded a contract by United States Steel Corporation to form a Capital Projects Alliance to support four major integrated steel works and its U.S. tube making operations. The Alliance Agreement between WorleyParsons and U. S. Steel covers engineering projects with an installed value between US$100,000 and $US100 million; together with ongoing production support. It is estimated that the contract will generate revenues in excess of US$50 million. Facilities that are part of the Alliance include integrated steel mills near Detroit (Great Lakes Works), Pittsburgh (Edgar Thomson Works) and Birmingham (Fairfield Works); the rolling mills and finishing activities of the Gary Works, in Indiana (the nation’s largest steel works); and   Tubular Operations which centre on Lone Star Steel’s various operations in Texas, together with significant tube and rolling mills in other states.

“This is a significant award for WorleyParsons and is consistent with our strategy to continue to expand our involvement in the global steel industry.” says Robert Edwardes, Managing Director of WorleyParsons for the United States, Latin America and the Caribbean region.  “U. S. Steel is one of the world’s great steel companies and we are committed to working with them to improve safety performance, productivity and efficiency by utilizing our global experience and advanced systems and processes.”

The agreement will commence in November 2009 and have a nominal term of three years with mobilization activities to support the contract’s launch commencing immediately.  U. S. Steel, headquartered in Pittsburgh, Pennsylvania, is one of the world’s largest and most sophisticated steel makers with annual raw steelmaking capability of 31 million tons, about 48,000 employees and annual revenues in excess of US$16 billion.

www.ussteel.com

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WA Spending $955 million To Drink Seawater

Wednesday, July 1st, 2009

Water Minister Graham Jacobs confirmed work on the new seawater desalination plant will begin within three weeks, following the signing of contracts today with the Spanish- led consortium that will build the $955 million project outside Binningup and operate it for 25 years. The companies making up the Southern SeaWater Alliance are Tecnicas Reunidas and Valoriza Agua with local companies AJ Lucas (AJL) and WorleyParsons (WOR).

The Water Corporation has a role within the alliance to ensure the delivery of the facility meets the long term needs for Western Australia’s sustainable water future. Dr Jacobs said the 2011 commissioning of the plant would not come a moment too soon to cater for the challenging immediate water situation, WA’s ongoing growth and the corporation’s ambition to reduce extraction from the Gnangara groundwater system.

“Events of the past month, culminating in a decision to impose a trial winter sprinkler ban underline the challenge we continue to face in meeting our water needs into the future,” he said. “The reality is that we must immediately reduce our water use and manage the Integrated Scheme through to our next major source – the output of this plant

“On top of that we have to plan for ongoing growth and the increasing fragility of the Gnangara Mound has made the Water Corporation determined to reduce its extraction as quickly as possible to a permanently sustainable level. “The key to achieving that highly desirable outcome is the commissioning of the new desalination plant on time in 2011.”

Dr Jacobs reiterated that renewable energy would be used to power the new facility. “The Water Corporation intends to purchase all the energy requirements and associated Renewable Energy Certificates for the Southern Seawater Desalination Plant from renewable energy generators,” he said. “Most will come from generators using proven renewable energy technologies. The corporation is also hoping to have a portion of the energy requirements purchased from renewable energy generators using technologies not yet commercially proven at this stage.”

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Worley Parsons To Build $500 million Nuclear Power Plant

Monday, June 22nd, 2009

WorleyParsons(WOR) is pleased to announce that it has signed a contract with the Egyptian Nuclear Power Plant Authority (NPPA) for a consultancy services contract to support the delivery of the first Egyptian Nuclear Power Plant. The contract commences with site and technology selection studies and carries through to design, construction management, commissioning and start-up. The revenue to WorleyParsons is expected to be approximately EGP 900 million (USD 160 million) over the expected 8 years of the project. Execution will be led from WorleyParsons’ office in Sofia, Bulgaria and supported locally by our office in Cairo. Sofia serves as one of WorleyParsons’ nuclear power centres of excellence with nuclear consultancy and engineering services currently being provided to projects across a number of countries in Europe, the Former Soviet Union and Africa. Egypt is a pioneer in electricity generation within the region with an installed capacity of over 24,000MW. This award is a major milestone in the development of nuclear power generation in Egypt and WorleyParsons is very proud to be associated with the NPPA in this exciting project.

WorleyParsons CEO, John Grill commented “We are absolutely delighted to be awarded this contract by the NPPA. WorleyParsons has been working in the Egyptian power sector for over twenty-five years and this contract reaffirms our commitment to the country. It also demonstrates our leading position in the global nuclear new build arena.”

WorleyParsons is also pleased to announce that it has signed a contract with the Ministry of Energy and Natural Resources of the Republic of Armenia to provide consulting services for a new nuclear power plant project in Armenia. The scope of the contract will be implemented in four phases, with the first two phases scheduled to begin in 2009. The major scope to be implemented during these first two phases includes development of a bankable feasibility study for the project and then managing and assessing the tender process for strategic investors for the project. The duration of these two phases is expected to be one year. This contract will be managed by WorleyParsons’ office in Sofia, Bulgaria. Phases III and IV of the project, the scope of which is to organise and manage a tender and recommend EPC contractors for selection, and then to provide consulting services to the Ministry during the design, construction, and start-up of the project, will be authorised after selection of and commitment by the strategic investors.

The expected revenue to WorleyParsons from phases I and II is USD 500,000. Phases III and IV, which are subject to a successful bankable feasibility study and selection of strategic investors, is expected to provide revenue to WorleyParsons in excess of USD 430 million, excluding escalation.

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