WORLEYPARSONS will team with China-based Wison Offshore & Marine to pursue the execution and delivery of ship-shaped floating LNG (FLNG), FPSO and other similar offshore oil and gas projects.
The two groups have signed a memorandum of understanding which will see them cooperate to deliver projects on an engineering, procurement, construction and installation (EPCI) basis.
The deal will jointly leverage WorleyParsons’ experience on the front end engineering and design of ship-shape FLNG and FPSO facilities with Wison’s proven execution and fabrication capabilities, WorleyParsons said.
The focus of the efforts will initially target the Australasia region, including Australia, New Zealand, Papua New Guinea and other Southeast Asia countries, but could be expanded to other areas where the companies feel they can provide a competitive offering to the market.
WorleyParsons chief executive Andrew Parsons said the companies would look to expand their combined offering of flexible, cost effective and innovative FLNG, FPSO and other solutions to small and mid-scale developments.
“These have typically been less able to capture value from the much larger-scale offerings previously seen in the marketplace,” he said.
Wison Offshore & Marine president L. Dwayne Breaux said the two companies would offer strong technical and commercial solutions to the market.
“By combining their proven track record in the engineering and development of oil and gas projects with our existing strategic alliance partners including Prico liquefaction and other technologies, we will be capable of significantly expanding our strategy of providing cost-effective solutions to the industry delivered to the highest international levels of safety and quality,” he said.