Perth-based engineering giant Worley (ASX:WOR) has strengthened its international portfolio after securing a comprehensive services framework agreement with Tengizchevroil.
The deal, which officially commenced in February, marks a pivotal continuation of the long-standing relationship between the Australian firm and Kazakhstan’s largest oil producer.
Under the terms of this expansive mandate, Worley is set to provide critical engineering and project support services across TCO’s entire suite of operational assets within the Republic of Kazakhstan.
The scope of the agreement is notably broad, covering the full lifecycle of TCO’s projects.
Worley will be responsible for delivering technical expertise through all project phases—from initial conceptual engineering to construction and ongoing operational support.
Furthermore, the partnership will leverage Worley's advanced technological capabilities, incorporating specialised digital and systems services designed to enhance efficiency and modernise TCO’s asset management.
Worley CEO Chris Ashton emphasised the company’s unique value proposition in the region.
"We are pleased to continue supporting Tengizchevroil through this long-term framework agreement," Ashton stated.
He noted that the award is a testament to Worley's successful strategy of blending "strong in-country execution with global delivery capability."
Worley aims to ensure that TCO remains at the forefront of the industry while supporting the economic and industrial objectives of Kazakhstan.
At the time of reporting, Worley's share price was $10.79.