Transfield-WorleyParsons JV wins $76m Asian contract

Transfield-WorleyParsons JV wins $76m Asian contract

The JV between Transfield Services (ASX:TSI) and WorleyParsons (ASX:WOR) has signed a seven-year, $76 million contract to deliver integrated gas extraction services for Shell.

The venture will provide engineering, procurement, construction, maintenance and shutdown work for Shell Philippines Exploration, at its Malampaya gas facility.

Work will commence on January 1, and the contract has a three-year extension option built in.

Shell supplies 40% of the Philippines’ gas needs.

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Tags joint ventureTransfieldWorley Parsonsbusiness deals

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