WorleyParsons Corporation puts its energy into energy and chemical plants. The US subsidiary of WorleyParsons Limited, the company is a top designer and builder of modular facilities for refineries and process plants in remote areas and harsh environments. WorleyParsons, whose services also include procurement and project management, targets the hydrocarbons, minerals and metals, infrastructure and environment, and power industries. Offshore work is provided by its INTECSEA arm. The US operations are supported by the WorleyParsons worldwide network. The company's global diversity and client base allow it to advance even in challenging market conditions.
The company, which had been a part of the giant Parsons Corporation flock, was acquired by Australia's Worley Group in 2004. Prior to its acquisition, the company (formerly called Parsons E&C) and Worley had worked together to restore Iraqi oil facilities. Worley paid $245 million for Parsons E&C. The US division (WorleyParson Corp) now consists of about 25 offices. The US and Latin America account for about 20% of the parent company's revenues.
Since the acquisition, WorleyParsons Corp's parent company has been adding to its arsenal of services and expanding geographically by buying other companies or entering joint ventures. In 2008 the company bought Houston-based INTEC, which combined with WorleyParsons' other offshore unit, SEA Engineering, to broaden offshore deepwater engineering and project services. INTECSEA offers support for deepwater, subsea, pipeline, and floating production. The company's USA hydrocarbons business is growing thanks to new offshore projects in places such as the Gulf of Mexico.
WorleyParsons Corp also is building its presence in the government sector. Its infrastructure and environment team looks to secure government-funded projects. This strategy also has helped the company endure the economic downturn, which impacted private sector spending. – less