- BP Exploration (Alaska) has awarded Worley a two-year contract to provide well support services and fluid hauling for BP’s North Slope operations
- This is a renewal of the originally awarded contract back in 2012
- BP requested Worley’s extended services prior to announcing the sale of its entire Alaska operations to Hilcorp Alaska in August this year
- Works will go on as planned and will be conducted by Worley’s Alaska-based team
- Company shares are down 0.07 per cent and trading for $14.05
BP Exploration (Alaska) has awarded Worley a two-year contract to provide well support services and fluid hauling for BP’s North Slope operations.
Under the renewed contract, Worley will continue to provide wells support services and fluid hauling. This includes maintenance, modifications, operations and drilling support for new and existing wells and well sites for BP’s Alaska organisation.
This is an extension of the originally signed contract awarded back in 2012.
“We are pleased this contract has been renewed so we can continue to support BP in the challenging and remote conditions on the North Slope,” Worley CEO Andrew Wood said.
BP’s contract extension was granted before it announced the sale of its North Slope operations to Hilcorp Alaska in August 2019.
BP’s history in Alaska includes drilling the confirmation well for the massive Prudhoe Bay oil field in 1968 and helping build the 800-mile Trans Alaska Pipeline in the mid-1970s.
The sale closely aligned with BP’s long-term strategy and supports its two-year $10 billion divestment program to further strengthen its balance sheet.
Worley’s services will be executed by its Alaskan team with additional support from its global business.
Company shares are down 0.07 per cent and trading for $14.05 at 2:51 pm AEDT.