Worley Parsons (ASX:WOR) pens new contract and 5 year extension

Engineering, procurement and construction major Worley Parsons (ASX:WOR) has penned a 5 year extension for its contract with Imperial Oil and Syncrude Canada.

Worley Parsons has been working with these companies since 1991 providing a full range of engineering, procurement and project delivery services for brownfield and greenfield projects in Canada.

Meanwhile, Marathon Petroleum Company has also awarded Worley a contract to provide detailed engineering services for the conversion of the Dickinson refinery, located in North Dakota.

Under the contract, the facility will be converted to a renewable diesel refinery.

Shares in Worley Parsons (ASX:WOR) are trading 1.1 per cent higher at $15.69.
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Source: Finance News Network