A joint venture (JV) between engineering company WorleyParsons and Grand Isle Shipyard has signed a five-year master services agreement for engineering, procurement and construction (EPC) services with BP.

Under the agreement, the JV company GW Integrated Solutions will provide a fully integrated suite of asset management services that will focus on implementing a programme of facility modifications and turnarounds across BP-operated offshore assets in the Gulf of Mexico.

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WorleyParsons chief executive officer Andrew Wood said: “We are pleased to continue our long-standing relationship with BP and further demonstrate the value of our integrated solutions offering through the GW Integrated Solutions joint venture.”

Specific work scopes under the programme will be executed under separate call-off contracts.

Accordingly, no firm work is currently committed under the agreement.

"WorleyParsons claims that this single accountability will help the joint venture accomplish EPC, turnaround, maintenance and other lifecycle support services."

The JV will leverage on WorleyParsons and Grand Isle Shipyard combined experience in the fields of brownfield engineering, procurement, fabrication and direct-hire offshore construction.

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WorleyParsons claims that this single accountability helps the joint venture accomplish EPC, turnaround, maintenance and other lifecycle support services.

WorleyParsons specialises in providing engineering, procurement and construction services by creating new assets and operating the existing projects. It also offers consulting and advisory assistance.

Listed on the Australian Securities Exchange, the company operates in various industries including hydrocarbons, mineral, metals, chemicals and infrastructure sectors.

Image: BP's Thunder Horse platform located in the Gulf of Mexico. Photo: courtesy of BP/ Flickr.