- Worley (WOR) has won a maintenance and integrity contract from Petroleum Development Oman (PDO)
- Under the contract, Worley will provide maintenance and integrity services to PDO’s oil and gas production assets in South Oman
- Notably, Worley will be working with Arabian Industries Projects to provide these services
- The contract is for seven years, with the option to be extended for three years
- Worley is down 1.42 per cent on the market this afternoon and is trading at $10.45 per share
Worley (WOR) has won a maintenance and integrity contract from Petroleum Development Oman (PDO).
The contract is to support PDO’s strategic oil and gas production assets in the South Oman concession region.
PDO has selected Worley to work with Arabian Industries Projects to provide maintenance and integrity services.
Under the contract, Worley will provide long-term sustaining capital works services which include engineering, project work, field change proposals, process safety management, maintenance and integrity, demolition, shutdown work and digital enhancements.
Notably, the services will be undertaken by Worley’s team in Oman.
The parties have signed a seven-year contract, which has the option to be extended for another three years.
“Together with Arabian Industries, we are delighted to provide expanded services to PDO. This supports our strategic priority of extending our core long-term maintenance, modification and operations business,” Worley CEO Chris Ashton said.
“This contract will also strengthen Worley’s commitment towards in-country value engagement in Oman as well PDO, a strategically important customer,” he added.
Worley is down 1.42 per cent on the market this afternoon and is trading at $10.45 per share at 1:44 pm AEST.