WorleyParsons

WorleyParsons Limited

Type	Public
Traded as	ASX: WOR
Industry	Resources and energy
Predecessor	Wholohan Grill and Partners[1]
Founded	1971 (1971)
Headquarters	North Sydney, NSW, Australia
Key people	Andrew Wood (CEO) John Grill, AO (Chairman and Non Exec. Director, founder) Ron McNeilly (Deputy Chairman and Lead Independent Director) Erich Fraunschiel (Non Exec. Director) Catherine Livingstone, AO (Non Exec. Director) Wang Xiao Bin (Non Exec. Director) Christopher Haynes, OBE (Non Exec. Director) Jagjeet Bindra (Non Exec. Director) Tom Honan (CFO) Nuala O'Leary (Group Company Secretary) [2]
Revenue	A$4,377 million (Aug 2017)[3]
Net income	A$129.6 million (Aug 2017)[3]
Number of employees	22,800 approx.[4]
Subsidiaries	Advisian, Energy Resourcing Group, INTECSEA, Rosenberg WorleyParsons AS, WorleyParsonsCord, WorleyParsonsTWP[5]
Website	www.worleyparsons.com

WorleyParsons Limited is a professional services company based in Australia.

WorleyParsons offices, Energy Corridor, Houston, Texas

Listed on the Australian Securities Exchange, the Australian engineering company provides project delivery and consulting services to the resources and energy sectors, and complex process industries.

History

1970s. John Grill (chief executive officer 1975–2012), joined Smith, de Kantzow & Wholohan, which led to the 1976 establishment Wholohan Grill and Partners, a small Australian engineering consultancy. Wholohan Grill and Partners grew steadily throughout the 1970s and 80s.

1980s. In 1987,^[6] Wholohan Grill and Partners acquired the Australian interests of Worley, an American-based engineering firm. The company changed its name to Worley and from this point began expanding steadily, securing long term contracts in Brunei, Malaysia, Thailand and Singapore, and creating local joint ventures, most of which are still active today.

1990s. Throughout the 1990s Worley expanded both its industry sector and geographical footprint. A policy of diversification saw Worley grow from its roots in the hydrocarbons sector into the power, infrastructure and environment, and minerals and metals sectors. At the start of the new millennium Worley was well poised to continue its industry sector and geographic expansion with 30 offices and 3,000 personnel globally. This success enabled Worley to diversify further through additional partnerships and acquisitions.

2000s. In 2002 Worley became a publicly listed company on the Australian Stock Exchange leading to a period of acquisitions of increasing magnitude around the globe, including companies in Canada, Oman, and China. In 2004 Worley acquired Parsons E&C.^[7] Parsons E&C has its own history stemming back to 1944 when Ralph M. Parsons started what is now the Parsons Corporation in Los Angeles. In 2002, Parsons Corporation separated Parsons E&C from the other business units. Worley merged operations with Parsons E&C and commenced trading as WorleyParsons.

Further acquisitions including Astron in 2004 and Komex in 2005^[8] for environmental services, DRPL in the power sector, TMG and Watkins & Godwin in the infrastructure sector and HG Engineering, Gas Cleaning Technologies and Jones & Jones in the mineral and metals sector, have continued to deepen and broaden WorleyParsons’ capability and geographic presence. In 2006 WorleyParsons entered the South American market through a joint venture with Santiago-based ARA, a leading base metals and infrastructure engineering firm, while Colt Companies, Canada’s largest engineering and project services firm, became part of the WorleyParsons family in 2007.^[9] Later that year, the companies Patterson Britton and Partners, and John Wilson and Partners were acquired, both consultants in the water and environmental services market in Australia with specific capabilities in the coastal and marine, water resources and wastewater, environmental, civil and structural and power markets. This provided a significant step up in the organization’s ability to support their customers across all industry sectors in the areas of water and environmental services. In November 2007, WorleyParsons’ capability in the nuclear consulting and analysis segment of the international nuclear industry was complemented with the acquisition of Polestar^[10] as well as UniField Engineering with the aim to expand the power business in the USA^[11] further.

WorleyParsons has a strong commitment to developing its business in Africa,^[12] namely by the establishment of offices in Egypt and Libya and by the acquisition in the beginning of 2008 of a 50% share in Pangaea – a Pretoria, South African-based project services company, then renamed PangeaWorleyParsons.^[13]

The acquisitions of SEA Engineering^[14] in 2007 and INTEC^[15] in April 2008 (now known as INTECSEA), international offshore deepwater Hydrocarbons engineering and project services companies, strategically positioned the company to provide comprehensive solutions for large-scale integrated deepwater facilities, subsea and marine systems projects.

The acquisition of Westmar^[16] in 2008, a Canadian-based marine and port facility, resource and mining infrastructure, bulk material handling and transportation specialist, extended the Infrastructure and Minerals & Metals capabilities in both Canada and international markets.

In 2009 WorleyParsons acquired the United Kingdom assets of Day & Zimmermann to form the hub of WorleyParsons’ UK Improve business. The same year saw the acquisition of Brazilian based on CNEC.^[17] The capability of CNEC complements the existing capabilities of WorleyParsons’ resource and energy businesses.

In 2010 WorleyParsons acquired the business advisory services company, Evans & Peck.^[18] Operating in Australia and China, Evans & Peck provide services across the transport, power and energy, resources, water and social infrastructure sectors.

More recently, the acquisition of Kwezi V3 Engineers,^[19] (KV3) a leading South African engineering firm in 2011 and TWP Holdings (Proprietary) Limited (“TWP”) in 2013^[20] gives WorleyParsons’ customers access to the specialized underground mine planning and engineering capabilities, mineral processing and project management solutions of TWP.

In 2012, WorleyParsons purchased a 50% share in a joint venture company with Cergetec^[21] in Canada.

In 2013, WorleyParsons acquired Bergen Group Rosenberg AS (“Rosenberg”).^[22] Rosenberg is a wholly owned subsidiary of Bergen Group ASA, a listed Norwegian company.

In 2014, WorleyParsons acquired MTG, Ltd. MTG is a US based management consulting firm in the oil and gas, petrochemicals and chemicals industries with operations in North America, the United Kingdom and Australia.^[23]

Subsidiaries

• Advisian - The global advisory services business of the WorleyParsons Group.
• Energy Resourcing - A supplier of specialist professional human capital and associated staffing services to the energy and resource sectors internationally.
• INTECSEA - A global company within the WorleyParsons Group offering capabilities for floating systems, offshore pipelines and subsea production systems.
• Rosenberg WorleyParsons AS - Integrated engineering, fabrication and construction division, with focus on offshore oil-and-gas front-end engineering and design, reimbursable EPC, long-term maintenance, modifications and operations, subsea fabrication, installation and hook-up markets.^[24]
• WorleyParsonsCord - A contractor in the energy industry across Western Canada.
• WorleyParsonsTWP - A major provider of engineering design, procurement, construction management and asset services largely within the mining sector in Africa.

References

External links

• Official Website