Jobs Safe Following WorleyParsons' AFW Acquisition

Jobs Safe Following WorleyParsons' AFW Acquisition
There are no current plans to lay off workers as a result of WorleyParsons' acquisition of AFW Oil and Gas UK Limited.

There are no current plans to lay off workers as a result of WorleyParsons’ acquisition of AFW Oil and Gas UK Limited, according to WorleyParsons’ planning and investor relations director, Mark Trueman.

“We acquired AFW UK for the opportunity to grow the business,” Trueman told Rigzone.

“There is minimal geographic overlap between the two companies so no current plans for any staff reductions as a result of the acquisition,” he added.

WorleyParsons entered the UK North Sea market when it announced the completion of the acquisition of AFW UK on October 9. AFW UK, which has over 45 years of experience providing services across the full asset lifecycle, employs over 3,000 staff in seven offices in the UK and the Middle East.

AFW UK represents the majority of Amec Foster Wheeler's former UK upstream oil and gas operations, which were divested as a remedy to competition concerns raised in relation to John Wood Group's acquisition of Amec Foster Wheeler.

In a company statement on WorleyParsons’ website, a spokesperson said the company was excited to enter the UK North Sea market as a leading player based in Aberdeen. 

“AFW UK is a world class integrated solutions business with best in class MMO (maintenance, modifications and operations) capabilities and an excellent track record of international expansion.

“We look forward to combining AFW UK's capabilities with our international platform to create a global MMO business capable of driving medium term growth.”

Andrew Wood, CEO of WorleyParsons, was quoted on the company website as saying: “I look forward to welcoming our new colleagues as together we develop our plans for an exciting new future.”


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.