WorleyParsons awarded new subsea contracts

Company News

by Rachael Jones

WorleyParsons (ASX:WOR) has been awarded a frame agreement for engineering and construction (E&C) services and a new contract in the UK with ConocoPhillips U.K., Ltd.

Under the first contract, WorleyParsons will provide E&C services to assets in the central and southern North Sea.

Under the second contract, they will provide EPC services, including precommissioning and commissioning, for a subsea tieback project to an existing platform.

Meanwhile, Rosenberg WorleyParsons has also been awarded contract by Lundin Norway ASO in the Norwegian Continental Shelf.

The objective is to prepare Lundin’s Edvard Grieg platform to receive and process oil and gas from nearby offshore fields. The project starts immediately and has a duration of two and a half years. The services will be executed from WorleyParsons Rosenberg in Stavanger.

Shares in WorleyParsons (ASX:WOR) is trading 0.57 per cent lower to $13.99.
 

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.