WorleyParsons wins $40 mln contract in Romania
Austral WorleyParsons Limited announce, that it had been awarded a contract by Petrom S.A. for the front-end engineering and design (FEED) associated with the expansion of its Petrobrazi refinery in Romania.
WorleyParsons said its expected revenue over the course of the project was estimated to exceed $40 million. The group said the project was part of Petrom’s Vision 2010 refinery modernization and development program, which is valued at approximately €1 billion ($1.71 billion). “The overall management of the work will be from London with FEED packages being prepared in both London and Edmonton and field support services provided from Ploesti,” the company said. WorleyParsons said the project demonstrated the successful integration of its recently acquired Colt Engineering operations in Canada. WorleyParsons CEO John Grill said the contract would strengthen the relationship with Petrom and expands the group’s presence in the Romanian market. “The project will be the cornerstone of WorleyParsons’ proposed new office to be located in Ploiesti, Romania.” By 1620 AEDT shares in WorleyParsons had shed 28c to $30.62. (Egoli, AUS)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.