WorleyParsons (ASX:WOR) has signed a five-year framework agreement with Sonatrach in Algeria.
WorleyParsons will support Sonatrach’s plans to develop its oil and gas production capacity over the next five years across a number of key projects.
Sonatrach is Algeria’s national oil and gas company and is regarded as the largest Algerian company.
They have a goal to become the fifth largest national oil company in the world.
Shares in WorleyParsons (ASX:WOR)are trading 0.1 per cent higher at $14.66.