WorleyParsons wins contract from Chevron Indonesia
Friday, January 20 2012 - 04:27 AM WIB
Australian engineering firm WorleyParsons and its 50/50 joint venture partner PT Rekayasa Industri have been awarded by PT Chevron Pacific Indonesia a significant 'Improve' contract to supply overall program management, engineering and construction management services for Chevron?s oilfield assets in central part of Sumatra.
WorleyParsons said on Friday that the contract would provide an estimated revenue of US$180 million to the joint venture partners over the contract's five-year term.
?This contract is a significant milestone for WorleyParsons, as it allows entry to the heavy oil production business in Indonesia ?s largest oil field. This project will be a great opportunity for WorleyParsons and our partner PT Rekayasa Industri to combine both companies? strengths to deliver a quality project to contribute to Indonesia?s domestic oil needs," WorleyParsons? Chief Executive Officer, John Grill said.
"WorleyParsons? Improve business stream is focused on delivering ongoing improvements to our customers? sustaining and significant capital assets through long-term mutually beneficial relationships," he added.
Editing by Benget Besalicto Tnb.