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Worley Limited ( (AU:WOR) ) just unveiled an update.
Worley has secured an Engineering, Procurement and Construction contract from ConocoPhillips Skandinavia AS for brownfield modifications on existing platforms at the Ekofisk Complex on the Norwegian Continental Shelf, following completion of front-end engineering design work earlier this year. The project, part of a broader redevelopment of the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields tied back to Ekofisk and due for EPC execution from 2026 to 2028 under an existing frame agreement, reinforces Worley’s long-standing relationship with ConocoPhillips in Norway and strengthens its positioning as a key offshore EPC provider in the North Sea market.
The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.
More about Worley Limited
Worley Limited is an Australia-headquartered, ASX-listed global professional services company providing engineering and project delivery expertise to the energy, chemicals and resources sectors. The company partners with customers across the lifecycle of their assets, positioning itself at the intersection of traditional energy, resources and the transition to more sustainable energy sources.
YTD Price Performance: -5.08%
Average Trading Volume: 1,736,464
Technical Sentiment Signal: Sell
Current Market Cap: A$6.4B
See more insights into WOR stock on TipRanks’ Stock Analysis page.