Resources and Energy
With Headoffice in Sydney, New South Wales, Australia, WorleyParsons was established in 2004 from the acquisition of the Californian engineering company Parsons E&C by the Australian Worley.
Parsons E&C had a long history since 1944 in the downstream sector, refining, petrochemicals and power.
Worley was established under the actual form in 1987 from the Australian branch of an American company well recognized in the offshore oil and gas engineering services.
Because of the solid reputation of both companies in their respective and upstream – downstream complementary areas, the decision was made to merge both brands into WorleyParsons.
Since then, WorleyParsons continued to grow steadily organically and by acquisitions.
Over the years WorleyParsons expanded its competence to cover more industrial segments and geographically in becoming a global company with 40,800 employees working in 163 offices across 41 countries.
Today, WorleyParsons defines its core business around Resources and Energy where industries are operated by complex processes.
Compared with other engineering companies, WorleyParsons is providing its services along the full life cycle of the assets, from the early design to the construction, operations services, revamping and upgrade.
From this approach, WorleyParsons, uses the brownfield business to position itself on greenfield opportunities and extends the greenfield successes into brownfield services contracts.
Since 2011, WorleyParsons implements its BP Global Service Agreement for onshore facilities with engineering and project management services.
For some years WorleyParsons put a special focus on Canada and Middle-East.
Since 2011, WorleyParsons booked the engineering, procurement and construction (EPC) contract for
– Syncrude Canada’s Aurora Mine
– MEG Energy‘s Christina Lake steam assisted gravity drainage project.
– ExxonMobil Hebron Topsides
– BP and PetroChina Iraq Rumailla oil field
– Oman Oil Block 60
Beside its oil and gas and petrochemical activities, WorleyParsons is developing a comprehensive engineering and services offering to the energy sector dedicated to the reduction of the CO2 emissions for utilities, metal and mining, energy infrastructures.
Worley Parsons Key Figures
– 2011 Revenues: $5,68 billion
– 2010 Revenues: $5,09 billion
– 2009 Revenues: $5,8 billion
– 2011 Earnings: $0,49 billion
– 2010 Earnings: $0,39 billion
– 2009 Earnings: $0,56 billion
Worley Parsons Projects and Business Highlights
WorleyParsons continues to focus on Australia, its home market, Canada and Middle-East.
In Iraq, WorleyParsons managed to book
– BP and PetroChina Rumaila extension for engineering, procurement management services. WorleyParsons will continue to execute this contract from its regional hub in Abu Dhabi with the support of the London office
– Lukoil West Qurna-2 project management services contract for the next 3 years.
In Saudi Arabia WorleyParsons managed to get qualified by Saudi Aramco for engineering services and to sign the corresponding General Engineering Services plus (GES+) contract.
To do so, WorleyParsons established a joint venture with the local company Abdulaziz Kamel & Partners Co. and Alrabiah Consulting & Engineering Services.
The GES+ contract is signed for a period of five years with the option to extend it with three years more.
In the North Sea, WorleyParsons has been awarded the front end engineering and design (FEED) contract for the Chevron Rosebank Floating Production, Storage and Offloading (FPSO) and subsea infrastructure.
WorleyParsons will execute this FEED from its Houston, Texas, office.
Onshore or offshore, WorleyParsons chases the greenfield projects to grow and prepare ground for long terms services contracts to stabilize revenues over the years.
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