WorleyParsons, JV Partner Score Chevron Indonesia Contract
by WorleyParsons Ltd.
|Friday, January 20, 2012
WorleyParsons and its 50/50 joint venture partner PT Rekayasa Industri have been awarded a significant Improve contract by PT Chevron Pacific Indonesia. The contract is for the supply of overall program management, engineering and construction management services for Chevron's oilfield assets spread through the middle of Sumatra. The contract will provide estimated revenue of $180 million to the joint venture partners over its five-year term.
WorleyParsons' Chief Executive Officer, John Grill said, "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."
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