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Highlights
- Worley wins contract extension for key gas infrastructure
- Services to support major facilities including Karratha and Plut
- Contract solidifies Worley’s long-standing role since 2018
Energy engineering and services company Worley (ASX:WOR) has secured a two-year extension to its existing agreement with energy producer Woodside (ASX:WDS), further strengthening a long-standing collaboration focused on critical Australian gas infrastructure.
The contract will see Worley continue to deliver comprehensive brownfield engineering and procurement services to two of Woodside’s strategic facilities: the Karratha Gas Plant and the King Bay Supply Base. Additionally, the scope of work covers the Pluto Liquified Natural Gas (LNG) plant, reinforcing Worley’s ongoing contribution to one of the country’s most vital energy hubs.
Worley has been engaged in this role since 2018, offering a suite of services that include project management, front-end engineering, detailed design, and procurement activities. The extension underscores Woodside’s confidence in Worley’s capabilities and the importance of sustaining long-term operational reliability across its energy assets.
The Karratha Gas Plant, located in Western Australia’s Pilbara region, plays a central role in processing gas from offshore fields as part of the North West Shelf project. Meanwhile, the Pluto LNG facility is a key component of Woodside’s broader LNG export strategy, contributing significantly to Australia’s energy exports.
This development comes at a time when the ASX200 is witnessing heightened activity across the energy sector, driven by evolving global energy dynamics and Australia's prominent role in LNG exports. With a renewed focus on infrastructure longevity and efficiency, the extension not only secures project continuity for Worley but also positions it strongly among companies contributing to Australia’s energy backbone.
For investors keeping an eye on ASX dividend stocks, developments like these suggest robust operational pipelines that can support long-term financial stability. While this contract is not expected to lead to immediate material changes in financial forecasts, the extension nonetheless reflects steady demand and confidence in the sector's outlook.
With continued investment in existing assets, both Woodside and Worley are playing pivotal roles in sustaining Australia’s energy delivery networks while maintaining alignment with evolving market demands and regulatory standards.
This latest contract milestone reinforces Worley’s strategic standing as a key engineering partner in Australia’s energy landscape and signals ongoing strength in energy infrastructure investment across the ASX200.
