- Engineering services company Worley (WOR) has entered an enabling agreement with ExxonMobil Global Services, a multinational oil and gas explorer
- Under the agreement, Worley will assist with operations at ExxonMobil’s refining and chemicals sites in Texas and Louisiana
- Following news of the agreement, Worley is up 2.67 per cent with shares trading at $14.60 each
Engineering services company Worley (WOR) has entered an enabling agreement with ExxonMobil Global Services.
The agreement will allow ExxonMobil, a multinational oil and gas explorer, to contract with Worley to provide services to ExxonMobil’s refining and chemicals operations sites in Texas and Louisiana.
ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers.
It develops and applies innovative technologies to meet the world’s growing demand for energy and high-quality chemical products.
“We are pleased that ExxonMobil has chosen to enter into this agreement that will enable them to engage our continued support for their refining and chemicals operations in the United States,” Worley CEO Andrew Wood said.
Worley is an ASX 200-listed company that provides services for general mechanical, small-cap construction, maintenance and turnarounds support at four locations in Texas and Louisiana.
The company also deals with packing, shipping and loading and unloading rail cars at another two locations.
Following news of the agreement, Worley is up 2.67 per cent with shares trading at $14.60 each at market close.