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- ASX 200 company Worley (WOR) has been awarded three agreements – two of which are from BP and the third is from Corpus Christi Liquefaction
- The two, three-year agreements with BP will see Worley provide its services to BP’s global refining and lubricants assets
- BP and Worley have a longstanding relationship with around 400 Worley staff currently providing services to BP sites across seven countries
- Additionally, Worley will provide various services to Corpus Christi’s liquefied natural gas (LNG) facility
- Once it’s completed, the facility will include three liquefaction trains with a planned export capacity of up to 13.5 million tonnes per annum of LNG
- Worley’s shares closed a slight 0.58 per cent in the green to trade for $8.69
Worley (WOR) has entered into two framework agreements with BP America and BP International.
The ASX 200 company has also been awarded a master construction services agreement by Corpus Christi Liquefaction which is a subsidiary of Cheniere Energy.
BP agreements
The BP agreements are for three years and will see Worley provide its services to BP’s downstream business line.
BP and Worley have a longstanding relationship with approximately 400 Worley staff currently providing services to BP sites across seven countries.
Under the new agreements, BP may appoint Worley to provide engineering, procurement, construction management and maintenance services for BP’s global refining and lubricants assets.
“For over 20 years, we have been a trusted partner to BP across their global refining business. As a global professional services company headquartered in Australia, we look forward to supporting the partnership and helping BP meet the world’s changing energy, chemicals and resources needs,” Worley CEO Chris Ashton said.
Corpus Christi Liquefaction
Under the agreement, Worley will provide various services to Corpus Christi’s liquefied natural gas (LNG) liquefaction facility. This is the first greenfield LNG export facility in the U.S. lower 48.
Worley will also provide an onsite team to conduct small capital construction projects for the facility.
Once it’s completed, the facility will include three liquefaction trains with a planned export capacity of up to 13.5 million tonnes per annum of LNG.
The contract follows Worley’s development of project delivery and operations standards for Cheniere’s Corpus Christi site.
“LNG is an important component of Worley’s energy transition strategy and the world’s energy transition journey. As a global professional services company headquartered in Australia, we look forward to supporting Cheniere to deliver on its operational and production targets,” Chris stated.
Worley’s shares closed a slight 0.58 per cent in the green to trade for $8.69 each.
