Reliance awards Worley a PMC services contract

Company News

by Rachael Jones

INTECSEA Inc, a wholly owned subsidiary of Worley Parsons (ASX:WOR), has been awarded a project management consultancy contract by Reliance Industries for the MJ Field deep-water gas and condensate project.

Under the contract, INTECSEA Inc will provide PMC services for the development of Reliance’s subsea gas and condensate resource located in deep water of approximately 1,000 metres in the MJ Field offshore of India.

The contract involves subsea facilities and offshore processing using a floating production storage and offloading facility and existing gas trunk line.

Shares in Worley (ASX:WOR) closed 1.19 per cent lower at $13.26 on Friday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.