Chevron extends contract with WorleyParsons

Company News

by Rachael Jones

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Last Updated: 19/06/2019 3:27 PM

Chevron Australia has awarded WorleyParsons (ASX:WOR) a contract extension to provide services to support the assets of Chevron’s Australasian Strategic Business Unit.

Under the extension, WorleyParsons will continue to provide brownfield engineering services to support the onshore and offshore Gorgon and Wheatstone LNG assets and the Barrow and Thevenard Islands oil assets in Western Australia.

WorleyParsons has held the current contract for 5 years.

The extension is for a further two years with options for one additional two-year term and one additional one-year term.

Shares in WorleyParsons (ASX:WOR) are 1.42 per cent higher $17.12.

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.