bp and Worley announce global strategic alliance across site projects
bp and Worley have formed a new strategic alliance focused on enhancing efficiency, continuous improvement and value creation across bp's global site projects organization. This alliance builds upon a successful, decade-long collaboration between the two companies.
The alliance will improve capital efficiency in site projects saving an initial estimated US$40 MM over two years in locations where Worley holds a services contract: the Gulf of Mexico, Oman, Mauritania and Senegal oil and gas producing regions, and the Cherry Point, Whiting, Rotterdam, Gelsenkirchen and Lingen refineries.
This is the first time an alliance has been formed with the operations business in bp.
Together, bp and Worley will deepen collaboration across a portfolio of site projects by leveraging digital capability and global scale to further drive efficiency across engineering, procurement, construction development and management.
“We remain focused on improving safety, reducing emissions, high value activity and reducing cost. This alliance increases our operational effectiveness through centralization, standardization and simplification, helping us safely grow the value of bp.” said Niall Maguire, VP Site Projects, bp.
The alliance formalizes a long-standing relationship built on shared objectives, trust and commitment to excellence. It brings together and ringfences world-class technical expertise in a tight resource market.
“This alliance builds on our successful partnership in the Site Projects Efficiency Plan (SPEP) over the past two years where we’ve worked together to drive down costs across bp’s global operations. Our shared history and values position us well to identify and implement solutions as we continue to create value and deliver sustainable change throughout bp’s portfolio of projects,” said Mark Brantley, Group President EMEA and APAC, Worley.
Earlier this year, Worley signed a five-year global framework agreement to provide engineering, procurement, and construction management (EPCM) services covering bp’s global refinery assets and ventures into new energy initiatives. Worley holds EPC contracts across bp’s legacy upstream businesses.
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