This major project will be executed under the Nigerian local content law. WorleyParsons will be engaging and investing in local capacity building and development — a key differentiator in the exciting Nigerian and West African market. The expected revenue to WorleyParsons from this contract is over USD 100M. The contract will be executed largely in Lagos, Nigeria in conjunction with a consortium of Nigerian engineering companies, NETCO/DeltaAfrik/IESL, as approved by the Nigerian National Petroleum Company, with technical support from WorleyParsons Melbourne.
Commenting on the contract award, WorleyParsons’ chief executive officer, Andrew Wood, stated, “We are delighted that SHI has chosen WorleyParsons to deliver this significant FPSO project in Africa. This important award builds on the successful relationship we have with SHI and represents a strong development of our ability to locally support the offshore oil and gas business in West Africa.”