JV Between Worley and Ranhill Group Wins a 5-Year EPCM Contract

A joint venture entity between Worley Group (ASX: WOR) and Ranhill Group Sdn Bhd, Ranhill Group Sdn Bhd wins a 5-year engineering, procurement and construction management (EPCM) contract by ExxonMobil Exploration and Production Malaysia Inc.

  • Under the contract, the JV entity, will provide brownfield asset restoration and debottlenecking projects for offshore projects in Malaysia;
  • The EPCM services will also include workpack preparation, material management, construction planning / reporting and offshore field engineering services.

At AEST 12:48PM, the stock was trading at $15.780 per share, up by 0.574% from its previous close.


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