WorleyParsons has entered into a joint venture with BP Oil New Zealand for a 50% shareholding in New Zealand Oil Services.
Under the JV, New Zealand Oil Services has been awarded a terminal services agreement for the operation of BP’s seven bulk fuel storage, handling and distribution facilities in New Zealand. WorleyParsons also becomes NZOS’s preferred contractor to deliver engineering, project delivery and asset management services.
Andrew Wood, CEO of WorleyParsons, says: ‘This contact demonstrates the synergies following our acquisition of AFW UK Oil & Gas in 2017. It builds upon our established relationship with BP and utilises WorleyParsons’ MMO expertise and capability.’