Posts Tagged ‘Worley Parsons’

ASX Company News: Worley Parsons Secures Chevron Contract In Indonesia

Monday, January 23rd, 2012

WorleyParsons (WOR) and its 50/50 joint venture partner PT Rekayasa Industri have been awarded a significant Improve contract by PT Chevron Pacific Indonesia. The contract is for the supply of overall program management, engineering and construction management services for Chevron’s oilfield assets spread through the middle of Sumatra. The contract will provide estimated revenue of USD180 million to the joint venture partners over its five-year term.

WorleyParsons’ Chief Executive Officer, John Grill said “This contract is a significant milestone for WorleyParsons, as it allows entry to the heavy oil production business in Indonesia’s largest oil field. This project will be a great opportunity for WorleyParsons and our partner PT Rekayasa Industri to combine both companies’ strengths to deliver a quality project to contribute to Indonesia’s domestic oil needs.”

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ASX Company News: Worley Parsons Secures $12 billion Project Management Contract

Friday, November 25th, 2011

WorleyParsons (WOR) is pleased to announce the award of a contract for the project management consultancy of the Refinería del Pacífico refining and petrochemical complex, a project with an approximate total installed cost of US$12 billion. The complex is located in the province of Manabí, Ecuador and is a joint venture between PetroEcuador and PDVSA Ecuador S. A.

The refinery will have a crude processing capacity of 300,000 barrels per day. During phase I of the project, WorleyParsons will provide an integrated project management team (IPMT) located in Houston, Texas. The IPMT will be responsible for providing oversight of the front end engineering and design of the project and will assist the client in the selection of engineering, procurement and construction (EPC) contractors. In phase II the IPMT will provide oversight of the EPC contractors and will be responsible for construction management of early activities at the Manabí site. The project is presently scheduled to be completed by December 2015. The estimated reimbursable contract value to WorleyParsons for Phases I and II is anticipated to be in excess of US$200 million.

WorleyParsons’ CEO, Mr John Grill, said, “I am extremely pleased that WorleyParsons has secured this award, providing us with the opportunity for continued growth in Latin America and in refining and petrochemicals.”

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ASX Company News: Worley Parsons Awarded Wiggins Island Coal Contract

Thursday, October 6th, 2011

WorleyParsons (WOR) has been awarded the Procurement  and Construction Management (PCM) services contract for the delivery of the Wiggins Island Coal Export Terminal Stage 1 (WICET) which is owned by a consortium of eight coal companies.

The WICET is a privately funded AUD2.5 billion project which involves the development of a 27 million tonnes per annum coal export terminal on Golding Point near Gladstone in Queensland.

The WICET contract will be delivered from the WorleyParsons Brisbane office and then transition to Gladstone over the next few months  as site works commence. The expected revenue  to WorleyParsons  from Stage 1 of this project is approximately AUD75 million and completion is expected by the end of the second quarter of 2014.

John Grill, Chief Executive Officer of WorleyParsons commented: “I am most pleased to announce this award, as it confirms our strategic intent to be a major provider of pit to port delivery solutions.

The WICET PCM contract award supports this strategy  and also continues our strong position in the development of Australia’s natural resources and supporting infrastructure”.

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ASX Company News: Worley Parsons Secures Contract To Expand Brazilian Iron Ore Mine

Sunday, September 18th, 2011

CNEC WorleyParsons (WOR) has reached agreement with MMX Mineração e Metálicos S.A to provide professional services to support the expansion of the Serra Azul iron ore mining unit in Minas Gerais state, southeast Brazil. The Serra Azul Expansion Project includes a new iron ore processing plant with a connecting 10km conveyor belt to the proposed new railroad terminal. Under the contract, CNEC WorleyParsons will provide engineering, procurement and construction management services to the Project. The contract will provide WorleyParsons with estimated gross revenue of USD $150 million. In early 2010, WorleyParsons acquired CNEC Engenharia SA, the stand alone engineering and project management operation formerly of the Camargo Correa E&C division.

WorleyParsons’ Chief Executive Officer, John Grill, commented: “CNEC WorleyParsons is very pleased to work with MMX through the provision of professional services to the Serra Azul Expansion project.”

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ASX Company News: Worley Parsons Secures Syncrude Canada’s Contract

Thursday, June 23rd, 2011

WorleyParsons’ (WOR) wholly owned subsidiary, WorleyParsonsCord Ltd, has been awarded a contract for Syncrude Canada’s Aurora Tailings Management project. The contract will provide WorleyParsons with estimated revenue of CAD $600 million. The work includes engineering, procurement and construction (EPC) for tailings treatment facilities at the Syncrude Aurora Mine located north of Fort McMurray, Alberta. Work will commence immediately and is scheduled for completion in mid-year 2013.

John Grill, WorleyParsons’ Chief Executive Officer, said: “We are delighted to receive this EPC contract award. We have a two decade relationship with Syncrude and we are pleased to have this opportunity to work with them on this exciting new project.”

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ASX Company News: Worley Parsons Awarded Fortescue Contract

Thursday, April 28th, 2011

WorleyParsons (WOR) has been awarded an engineer, procure and construction management (EPCM) services contract for the expansion of Fortescue Metal Group’s (FMG) Anderson Point port facilities in Port Hedland Western Australia. The project will increase iron ore throughput from approximately 55mtpa to 155mtpa. The development includes second and third outloading and inloading circuits, three new berths, two shiploaders, two reclaimers, one stacker, two train unloaders, conveyor systems, transfer stations, sample stations, power and control systems and associated infrastructure. Completion will be staged, with the first phase scheduled for completion at the end of 2011 and the final phase targeting completion at the end of 2012. To execute this fast track, construction-driven project, teams will be established in Perth and onsite at Port Hedland. WorleyParsons’ business units in China, Thailand and Canada will also assist with the project. The estimated revenue to be received by WorleyParsons under this contract is $250million.

Chief Executive Officer of WorleyParsons, John Grill commented; “WorleyParsons has had a  strong mutually beneficial relationship with FMG through all phases, including EPCM, of the Cloudbreak pit to port development. Our ‘pit to port’ business is, as a result, one of our key capabilities. We are pleased to be able to be involved with FMG’s large Anderson Point port expansion”.

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ASX Company News: Worley Parsons Secures Abu Dhabi Contract

Wednesday, April 13th, 2011

Abu Dhabi National Chemicals Company (ChemaWEyaat) has awarded WorleyParsons (WOR) the Project Management Consultancy (PMC) contract for the Tacaamol Aromatics Project.  ChemaWEyaat  and WorleyParsons entered into a long term frame agreement for engineering and management  services in January 2009 and this award further builds  on that relationship.  WorleyParsons’ London and Abu Dhabi offices will be the primary resource centers for this project.

The Tacaamol Aromatics Project includes the design and construction of one of the world’s largest reformers to date, with a projected capacity of about 70 thousand barrels per day and producing benzene and paraxylene.  Feedstocks for  the plant  will be provided by  Abu Dhabi National  Oil Company (ADNOC).

ChemaWEyaat’s first phase projects include the Tacaamol Aromatics Project  and the Madeenat ChemaWEyaat Al Gharbia (MCAG) project  which  will develop the 70 square kilometers of land allocated to ChemaWEyaat by the government of Abu Dhabi for the chemicals city known as Madeenat ChemaWEyaat Al Gharbia, located in Al Gharbia near  ADNOC’s Ruwais Industrial Complex. The MCAG project will provide infrastructure requirements for the Tacaamol Aromatics Project.

WorleyParsons’ Chief Executive Officer, John Grill, said,  “The award of the Tacaamol Aromatics Project is a recognition of our capability to bring together the right mix of people, processes and systems to work on such mega  projects in the region. We are confident that our long term partnership with ChemaWEyaat  will form the basis for the  successful  development of the Madeenat ChemaWEyaat Al Gharbia in Abu Dhabi.

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ASX Company News: Worley Parsons Secures Saudi Arabian Engineering Contract

Monday, March 21st, 2011

Khafji Joint Operations (KJO) has awarded WorleyParsons’ (WOR) offices in London a contract to provide general engineering services in support of the exploration and production of the hydrocarbon reserves in the offshore divided zone in the border area between the Kingdom of Saudi Arabia and Kuwait. KJO is an operating agreement between Aramco Gulf Operations Company (AGOC) and Kuwait Gulf Oil Company (KGOC) with headquarters and main onshore facilities located in Khafji, just south of the Saudi-Kuwaiti border.

The general engineering services contract is to run for five years with an option for an additional 12 months and will constitute a number of ongoing service orders.   The first service order will be for the front end engineering design of the greenfield development of a new gas/condensate field with an oil rim offshore from Khafji. The gas and oil wells will produce through dry well trees with chokes located on gas and oil wellhead platforms located throughout the field. The flowlines from the wells will be collected in a manifold and then piped via 14″ infield pipelines to a central gathering platform where the fluids will be processed by separating into gas and liquid, divided, metered and then comingled before entering two separate pipelines for export to Khafji for AGOC and Al-Zour for KGOC respectively.

John Grill, WorleyParsons’ Chief Executive Officer said: “We are delighted to receive this general engineering services contract from KJO as this further cements  our existing robust relationships with  AGCO and KGOC. It follows a similar  general engineering services contract  that  our  Perth office has held for five years and demonstrates our commitment to our customers from the Middle East to ensure that we support them in their endeavours from wherever they choose to execute their projects.”

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ASX Company News: Worley Parsons Secures BP Contract In Iraq

Saturday, February 19th, 2011

WorleyParsons (WOR) has been awarded a contract by BP Iraq NV and its partners PetroChina and the State Oil Marketing Organisation (SOMO) of the Republic of Iraq, to provide conceptual design, front end engineering design, minimum work obligations and integrated project management team services to boost production from the super-giant Rumaila Oil Field in Southern Iraq.

In November 2009, BP and its partners entered into a 20 year technical service contract with the South Oil Company of Iraq under which the BP led consortium is required to nearly triple output from the field to 2.85 million barrels of oil per day over the next six years. On completion of this work, Rumaila will become the world’s second largest producing oil field, contributing approximately 10% of Middle East production, 7% of OPEC production and 3% of global production. The contract will be executed from WorleyParsons’ offices in London, UAE and Iraq, with an initial revenue in excess of USD100m.

Commenting, WorleyParsons’ CEO John Grill stated “We are pleased to be able to continue our involvement in the reconstruction and development of Iraq’s oil and gas infrastructure. We understand the significance of the Rumaila development to the regeneration of the Iraqi economy, and we will work closely with the partners in the Rumaila development, BP, PetroChina and SOMO to help create the maximum value over the life of the field”.

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ASX Company News: Worley Parsons Secures CAD$20 million Mining Contract

Monday, January 10th, 2011

WorleyParsons (WOR) is pleased to announce that it has signed a Master Service Agreement with MEG Energy Corp. supporting the MEG Energy Christina Lake SAGD Facility. WorleyParsons’ scope of work will include engineering and procurement services for commercial in-situ bitumen extraction projects at the MEG Energy Christina Lake SAGD Facility located in northern Alberta, southeast of the city of Fort McMurray. The MEG Energy INTEGRAL Alliance started in late March 2009 and has experienced solid growth over the past 20 months with approximately 100 WorleyParsons personnel currently on the team. Current work includes the sustaining asset work to maintain and increase the production of the existing facilities and designing the field facilities for MEG Energy’s Phase 2B SAGD Project. Future workload is trending upward with expected revenue for WorleyParsons in 2011 in the range of CAD20 – 25 million.

John Grill, Chief Executive Officer of WorleyParsons, commented: “This extension of our relationship with MEG Energy reinforces our strong capability as a full service provider and strengthens our working relationship with MEG Energy at the Christina Lake SAGD Facility”.

MEG Energy is focused on sustainable in situ oil sands development and production in the southern Athabasca region of Alberta, Canada. MEG Energy is actively developing enhanced oil recovery projects using steam-assisted gravity drainage (SAGD) extraction methods, which reduce the amount of surface disturbance.

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