About Worley

Worley Limited provides professional services to the energy, resource and complex process industries. The company provides engineering design and project services to various sectors, including Hydrocarbons, Power, Minerals & Metals, and Infrastructure and also provides maintenance and reliability support services to these sectors and infrastructure developments. The company primarily operates in Australia and New Zealand, Asia and the Middle East, America and Europe. Outside of Australia, activities are predominantly in the Hydrocarbons and Power segments. In November 2004, Apollo Corporation, a wholly owned subsidiary of the company acquired 100% interest in Parsons E&C Corporation, a global engineering design and project services company. In July 2004, WorleyParsons Engineering Pty Limited acquired 50% interest in the Worley Chemical Engineering Technology Co Limited of China. The Company provides various project design and management services to international and Chinese clients. In March 2005 WorleyParsons Singapore Holding Pte Limited, a wholly owned subsidiary of the company, acquired 100% interest in Development Resources Pte Limited (DRPL). DRPL provides various multi-disciplinary services to clients in the Singapore and regional power and utilities industries. In August 2005, the company acquired the remaining 50% interest in WorleyParsons MEG Limited. The company provides engineering design, project services, maintenance and reliability support services to a number of markets. It also include infrastructure developments within the Power sector. The company operates in four business segments: Hydrocarbons, Power, Minerals & Metals and Infrastructure. The Hydrocarbons segment incorporates the Oil & Gas, Refining, Petrochemicals and Chemicals business units. HYDROCARBONS Upstream The company delivers engineering and project management services to the upstream hydrocarbons industry globally. Its service capability covers the entire project lifecycle: from identifying the opportunity to the operating phase. Downstream The company delivers engineering and project management services to the downstream hydrocarbons industry globally. Its service capability covers the entire project lifecycle: from identifying the opportunity to the operating phase. The company’s downstream hydrocarbons capability comprises - Refining, Sulphur Management, and Chemicals and Petrochemicals. Its projects have involved various petrochemicals, including: methanol, synthesis gas, ammonia, olefines, resins, plastics, and elastomers. POWER The company offers various technical, commercial, and management skills to improve the business performance of power assets. Based in offices throughout America, Europe and Asia Pacific, the company has created and managed power assets working in all phases of the asset life cycle from very early inception through to operation. The company operates in the energy sector world wide with approximately 31,000MW of gas fired trubine experience, 35,000MW of coal fired experience and 11,000MW of nuclear experience Power projects in Australia and New Zealand are delivered through WorleyParsons long term regional joint venture - Burns and Roe Worley. In 2003 WorleyParsons announced the acquisition of Development Resources Pte Ltd (DRPL), the engineering and project services group of Singapore Power. DRPL provides various multi-disciplinary services to clients in the Singapore and regional power and utilities industries. The company owns and operates niche power plants designed to supply energy to remote rural communities. Projects Elk Hills Power Project: The company in a joint venture with The Industrial Company (TIC) operates as Merchant Power Engineers & Constructors (MPEC), is performing engineering, procurement, and construction management (EPCM) for the Elk Hills Power Project, a 500 MW (nominal) 2-on-1, combined cycle merchant plant. Its client is Sempra Energy Resources/Occidental Energy Ventures. Engineering Support Services: The company provides engineering services, including design, construction support, and operations and maintenance support for projects that encompass 11 fossil plants, 32 hydro plants, and three nuclear plants - all TVA generating sites. At a typical plant, the company addresses low NOx modifications, water treatment upgrades, control room consolidations, control upgrades, unit modernization, unit performance improvement, environmental compliance, plant technical support, facility renovations, and improvements, small unit generation, cogeneration, safety improvements, inspection and testing services, field engineering, outage support, fuel handling, and general central engineering support. Its client is Tennessee Valley Authority (TVA). Alliance UCLA Chilled Water and Cogeneration Facility: The company assumed a responsibility through an on-site staff for O&M services of the facility under a five-year contract, which was renewed in 1999 under a five-year extension agreement, and again in 2004. Its client is University of California at Los Angeles. MINERALS & METALS The company provides engineering and project services to the minerals, metals and chemicals industries, for the design of complex processing plants. The company combines robust engineering capability with unrivalled industry. Its service offerings include conceptual and feasibility studies; front end engineering design; project optimisation and value engineering; project management; project delivery services, including engineering, procurement, and construction management; due diligence services; and operational support, including alliancing. Alliance EPCM Alliance – National: The company and Maunsell formed a joint venture in 2001 to provide engineering alliance services to WMC at QFO; the success of this alliance provided the basis in 2002 for the implementation of the National Agreement as an enterprise solution. Implementation of a National Agreement across WMC Fertilizers, WMC Olympic Dam and the WMC Nickel Business Unit was seen to offer advantages to WMC in safety performance; performance benchmarking; operational initiatives; capture of synergies and efficiency; and corporate commitment from Worley/Maunsell to delivering the business outcomes required by WMC. INFRASTRUCTURE The company delivers infrastructure solutions to clients in the specialist fields of civil, structural and coastal marine. The company provides integrated infrastructure services in the resources and energy sectors. The company offers its services in the transport sector, including Ports and Harbours, road and rail; buildings, defense, industrial sectors; and environment sector, including mining, geosciences, waste management, water and wastewater, water exploration, and environmental engineering. Joint Venture Worley Parsons, Ltd. has formed a joint venture with Arze, Recine y Asociados Ingenieros Consultores SA. The joint venture would support the development of the minerals and metals business in Chile and other South American countries, while providing support to the WorleyParsons minerals and metals business. WorleyParsons would have a 50% interest. Significant Events On March 12, 2009, Transfield Services (Australia) Pty Ltd. has entered into a joint venture with Worley Parsons Ltd. to provide asset management and maintenance works to Vale Inco's Nouvelle-Caledonie project in New Caledonia. Transfield Services WorleyParsons Nouvelle Caledonie would be named as Transfield Services WorleyParsons Nouvelle Caledonie. Sofregaz has a strategic alliance with Worley Parsons Ltd. for developing projects in the field of Liquefied Natural Gas (LNG). The partnership would be based on shared understanding on market potentiality of natural gas. This alliance would work on a global scale, with particular reference to North America, China, India, South East Asia, Australia, New Zealand, and Pacific Islands. History WorleyParsons Limited was founded in Sydney in 1971. The company was formerly known as Worley Group Limited and changed its name to Worley Parsons Limited in 2004. Further it changed its name to Worley Limited in October 2019.

Country
Industry:
Engineering services
Founded:
1893
IPO Date:
11/28/2002
ISIN Number:
I_AU000000WOR2
Address:
141 Walker Street, Level 17, North Sydney, New South Wales, 2060, Australia
Phone Number
61 2 8923 6866

Key Executives

CEO:
Ashton, Robert
CFO
O’Rourke, Tiernan
COO:
Data Unavailable