WorleyParsons Energy Services combines the existing US upstream oil and gas, and pipeline services businesses of both Worley and Parsons Energy & Chemicals Group. The combined resources, technology and project management expertise of both companies will provide US clients with a comprehensive range of project delivery services for offshore and onshore energy-related developments.
WorleyParsons Energy Services, headquartered in Houston, will commence operations in December 2003 and will be led by Worley's US President Mr. Peter Brooks.
Commenting on the announcement, the Chief Executive Officer of Worley, Mr. John Grill, said "This merger will give us greater critical mass enabling us to bid for larger global oil and gas projects which are executed in North America. Worley has a strong track record in forming strategic relationships and accelerating growth by accessing complementary skills and geographic reach. This new joint venture will provide a strong basis to build a larger, sustainable business in the US over time."
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