Jacobs Sells ECR Division to WorleyParsons

Laxman Pai
Thursday, October 25, 2018

Australia's WorleyParsons has entered into a binding agreement to acquire US contractor Jacobs Engineering's  Energy, Chemicals & Resources (ECR) division, a leading global technical services provider across Hydrocarbons, Chemicals and Mining & Minerals.

ECR has a global footprint with long-term, blue-chip relationships in key strategic markets, most notably the US, Canada, the Middle East and India. The business has more than 30,900 employees in 27 countries.

Jacobs ECR is ranked number one globally for its delivery of complex petrochemical and chemical projects, its maintenance, modifications and operations (MMO) for hydrocarbons projects, including onshore and offshore production facilities and integrated project delivery, construction and technical services.

In combining the two complementary organizations WorleyParsons will create a pre-eminent global provider of project and asset services in resources and energy and provide global sector leadership across hydrocarbons, chemicals and minerals & metals.

WorleyParsons CEO Andrew Wood said: “We are excited to combine Jacobs ECR’s world-class capabilities with our global platform to create a leader across our key focus sectors. The transaction will bring complementary capabilities in key business lines, including a best-in-class onshore and downstream MMO capability allowing customers to benefit from as expended integrated solutions offering, while our employees will have increased opportunity for development as part of the leading global project delivery provider in our sectors.”

Categories: People & Company News Legal Energy Mergers & Acquisitions

Related Stories

Argentina YPF to Shed Offshore Exploration Projects

Sapura Energy Nets $720M from Multiple Drilling Services Contracts

SLB Names Raman CSO, CMO

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

European LNG Imports Up with Asian Influx

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Subsea Redesign Underway for Floating Offshore Wind

ABS Approves Hanwha Ocean’s FPSO Design

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

Current News

Woodside Inks Long-Term LNG Supply Deal with China Resources

CNOOC Starts Production at Two New Oil and Gas Projects

Argentina YPF to Shed Offshore Exploration Projects

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Shell Hires Noble’s Drillship for Work in Southeast Asia

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

CNOOC Discovers ‘Vast Exploration Prospects’ in China’s Beibu Gulf Basin

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com