WorleyParsons Limited bags a PMC contract from PT Pertamina (Persero)

  • Aug 17, 2018 AEST
  • Team Kalkine
WorleyParsons Limited bags a PMC contract from PT Pertamina (Persero)

PT Pertamina (Persero) awards a PMC contract: WorleyParsons Limited’s (ASX: WOR) stock rose 1.94% on August 17, 2018 after the company secured a project management consultancy (PMC) contract from PT Pertamina (Persero).

As per the contract, WOR will provide PMC services to Pertamina for EPC Packages of Refinery Development Master Plan (RDMP) Project Refinery Unit V - Balikpapan in Indonesia. Further, as per the RDMP program, Pertamina is expected to build new processing units for the existing RU V - Balikpapan Refinery and expand the Refinery’s existing capacity for the production of high quality fuel products. Pertamina has also planned to upgrade the Lawe-Lawe terminal in order to include new facilities for unloading from tankers, a crude storage tank, utility units and a crude transfer line to RU V - Balikpapan Refinery. These services will be operated by WorleyParsons Indonesia. Meanwhile, WOR stock has risen 1.54% in three months as on August 16, 2018.

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