WorleyParsons has signed a five‐year framework agreement with Sonatrach in Algeria.

Under the agreement, WorleyParsons will provide project management services to support Sonatrach’s plans to develop its oil and gas production capacity over the next five years across a number of key projects.

Sonatrach is Algeria’s national oil and gas company and is regarded as the largest Algerian company. Sonatrach has previously announced its strategy for a significant investment program largely centered around the natural resources sector and, in particular, the oil and gas sector with the goal to become the fifth largest national oil company in the world (SH2030).

“We look forward to working with Sonatrach in support of its SH2030 strategy”, said Andrew Wood, Chief Executive Officer of WorleyParsons.

About WorleyParsons

WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the power, hydrocarbons, mineral, metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders. WorleyParsons is listed on the Australian Securities Exchange [ASX:WOR].

About Sonatrach

Sonatrach is the largest oil and gas company in Algeria and Africa. The company operates in exploration, production, pipeline transportation and marketing of hydrocarbons and by products.