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BP enters into a joint venture with WorleyParsons in New Zealand

Gasoil News - Published on Tue, 20 Nov 2018

Image Source: ETEnergyworld.com
BP Oil New Zealand Limited has entered into a joint venture with WorleyParsons, with WorleyParsons taking a 50% shareholding in the established entity New Zealand Oil Services Limited. Under the venture, NZOSL has been awarded a Terminal Services Agreement for the operation of BP’s seven bulk fuel storage, handling and distribution facilities in New Zealand. WorleyParsons also becomes NZOSL’s preferred contractor to deliver engineering, project delivery and asset management services.

Andrew Wood, Chief Executive Officer of WorleyParsons, said “This contract demonstrates the synergies following our acquisition of AFW UK Oil & Gas Limited in 2017. It builds upon our established relationship with BP and utilizes WorleyParsons’ MMO expertise and capability.”

Source :

Posted By : Joykumar Irom on Tue, 20 Nov 2018
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