Highlights
- ASX:WOR shares closed in green on ASX today, continuing its upward roll since last week.
- Worley has added in a new contract in Canada from Imperial Oil.
- ASX:WOR shares closed in green on ASX today, continuing its upward roll since last week.
- Worley has added in a new contract in Canada from Imperial Oil.
Are You Looking for Compelling Stock Ideas from Diverse Sectors? Get Access to Kalkine’s Investor/Resource Reports on a 7 days’ Free Trial.
Worley Limited (ASX:WOR) has bagged a module fabrication and field construction services contract in Alberta, Canada from Imperial Oil Resources Limited for its Kearl Oil Sands operation.
What is Worley’s Imperial Oil contract about?
- Worley will be executing the contract at Imperial’s Kearl Oil Sands operation for its in-pit tailings infrastructure project.
- Worley will take up the work of module fabrication and for assembling the project’s first two phases.
- Module fabrication will be done using robotic welding and assembling will take place at WorleyCord’s Edmonton modularization yard.
- Field execution will take place at project site in the Fort McMurray area.
- Worley will also utilise its HoloLensTM technology that enhances health and safety outcomes by facilitating virtual site visits.
As a result, WOR shares have closed in green on ASX today. WOR shares last traded at AU$10.84 a share, up 1.31% from previous close.
Also Read- RBA sticks to current rate, ASX rises 0.44%, Nanosonics and Sandfire lead gains
Bottom line
Imperial and Worley have worked with each other for over 30 years and the current contract seemingly strengthens the ties further.
More from ASX- RTG Mining (ASX:RTG) to raise US$10M to advance mining projects
Read More: Why Worley shares closed higher today?