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WorleyParsons

WorleyParsons

Industry: 
Energy
Value of USG Contracts: 
10
Symbol: 
ASX:WOR
States: 
PA
TX
Country: 
Australia
Contact Information: 
Sources: 

"WorleyParsons also announced today it would increase its investment in its Chinese business, MaisonWorleyParsons, to 80 per cent. But it said it would not take up any more contracts in Iran. ‘'It will complete existing contracts, subject to ensuring it does not breach any sanctions,’' WorleyParsons said." (The Sydney Morning Herald, "WorleyParsons profit stumbles admit project delays," 8/25/2010)

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“Australian engineering house WorleyParsons has signed an agreement with China National Petroleum Corporation (CNPC) to review a front-end engineering and design job left behind by departing French giant Total for Iran’s South Pars (SP) Phase 11 gas project.

The three-month job, which involves reassessment of the FEED by Total before it withdrew from the project last year, is at least the second for Worley-Parsons in Iran in 2010. It also coincides with an escalating campaign by the US to isolate the country…. China is aggressively pursuing energy development in Iran, where Western oil companies are reluctant to get involved amid the threat of possible United Nations sanctions against its nuclear enrichment program.

At the turn of this year, WorleyParsons teamed up with Linde of Germany to carry out a FEED for China National Offshore Oil Corporation’s (CNOOC’s) planned liquefied natural gas plant at the North Pars gas project. Both WorleyParsons and Linde worked in Iran before the intensification of Western sanctions against the country in the second half of the decade.” (Upstream, “New Player Set to Review Iran's South Pars 11 FEED,” 5/9/2010)

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 “Iran LNG Company (Iran LNG) has lined up two consortia to contend for a EUR700 million contract to construct the liquefaction units at the center of the twin-train 10.5 million tons per year Iran LNG export scheme. The two consortia were: Pars International Development and Engineering Company (PIDECO) and WorleyParsons Limited; Farab Company and Hua Fu Engineering Company (HFEC).” (Energy Business Review, “Iran LNG Lines Up Two Consortia For EUR700 Million Contract To Construct Liquefaction Units,” 5/12/09)

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“Iran Offshore Engineering & Construction (IOEC) has awarded a sub-contract to Australia's Worley Parsons for the detailed design of elements of the platforms on phase 12 development of the giant South Pars gas field. 
It follows IOEC winning a $ 380 mm contract late last year to construct the top part of the platforms on the offshore rigs, known as topsides.

Houston gas specialist Intec, which was recently acquired by Worley Parsons, previously won an engineering contract for three undersea pipelines totaling 440 km for phase 12. Earlier this year Petropars, a subsidiary of National Iranian Oil Company (NIOC) and the developer of South Pars, awarded a $ 284 mm engineering, procurement and construction (EPC) contract to the local Aras consortium for phase 12. 
NIOC expects to award two further EPC deals, to a local and foreign consortium respectively, in May.

Most of the gas produced from South Pars phase 12 will be used to feed NIOC's planned Liquefied Natural Gas (LNG) plant. 
However, part of the output will also be pumped into the domestic gas network for use in petrochemical projects and reinjection to maintain pressure on oil fields.” (Alexander's Gas and Oil Connections, “Iran awards South Pars design deal to Worley Parsons ,” 4/22/08)