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Worley’s (ASX:WOR) subsidiary wins contract with ExxonMobil

ASX 200
ASX:WOR      MCAP $7.796B
07 January 2020 01:00 (AEST)

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.

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