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WorleyParsons wins $50 million Total contract

WorleyParsons (ASX: WOR) announced (link opens a PDF) today that Total E&P Canada has expanded the company’s scope of services for Total’s Joslyn North Mine Extraction Project in Canada. The resources and energy professional services provider first teamed up with Total in 2011 and 2012 to explore design optimization and cost-cutting strategies for the project, and also worked with Total in March 2011 to complete pre-project engineering studies.

The new agreement adds on $50 million in revenue to WorleyParsons’ work for Total, and includes the Design Validation and Engineering Design Specification (EDS) phases of the project.

In FY 2012, the company pulled in $1.83 billion in Canadian sales, more than any other country. Its $969 million in Canadian non-current assets clocked in at more than three times that of its U.S. and Caribbean holdings, the corporation’s second largest geographic segment.

WorleyParsons CEO Andrew Wood noted in a statement: “We are pleased that the Total Joslyn North Mine Extraction team has chosen WorleyParsons for the next phase of this world-scale oil sands project. This contract builds upon the successful and important relationship with Total.”

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