Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Worley (WOR) and Ranhill Group’s joint venture entity, Ranhill Worley, has been awarded a contract by ExxonMobil Exploration and Production Malaysia
  • The 5 year contract will see Ranhill Worley deliver a variety of works for ExxonMobil’s offshore projects in Malaysia
  • The services will be delivered by the Ranhill Worley office in Kuala Lumpur with support from Worley’s global business
  • Following the contract win, Worley closed 1.85 per cent in the green with shares trading for $15.98 each

Worley (WOR) and Ranhill Group’s joint venture entity, Ranhill Worley (PRW), has been awarded a contract by ExxonMobil Exploration and Production Malaysia (EMEPMI).

Under the five-year contract, Ranhill Worley will deliver brownfield asset restoration and debottlenecking projects for offshore projects in Malaysia.

“I am pleased that PRW has been awarded this contract, which marks a decade of Ranhill Worley serving ExxonMobil Exploration and Production Malaysia Inc,” Worley CEO Andrew Wood said.

The engineering, procurement and construction management contract will also include work pack preparation, material management, construction planning and reporting, and offshore field engineering services for EMEPMI’s offshore assets.

The services will be delivered by the Ranhill Worley office in Kuala Lumpur with added support from Worley’s global business.

ExxonMobil is one of Malaysia’s most significant crude oil producers and suppliers of natural gas.

Following the contract win, Worley ended the day 1.85 per cent in the green with shares trading for $15.98 each.

WOR by the numbers
More From The Market Herald
Codan (ASX:CDA) - CEO, Donald McGurk

" Codan (ASX:CDA) shares slips despite military contract win

Codan (CDA) subsidiary, DTC Communications, has been awarded multi-year contract with a global technology company.

" Rio Tinto (ASX:RIO) fined over worker heat stress death

Rio Tinto (RIO) has been fined $80,000 and forced to pay $7500 in costs today after three employees were exposed to extreme conditions
Dicker Data (ASX:DDR) - Chairman and CEO, David Dicker (left)

" Dicker Data (ASX:DDR) soars after announcing profit increase

Dicker Data (DDR) shares have soared after the ASX-200 lister posted a 26 per cent increase in profit before tax over the last

" Pilbara Minerals (ASX:PLS) and POSCO to form JV for South Korean LHM facility

Pilbara Minerals (PLS) has come out of a trading halt this morning after announcing it will form a joint venture (JV) with South