WorleyParsons announces acquisition of AFW
Published by Elizabeth Corner,
AFW UK is a leader in the engineering and construction, operations and maintenance and hook-up services markets in the UK oil and gas market.
AFW UK has over 45 years of experience operating in the North Sea providing services across the full asset lifecycle. With over 3000 employees in seven offices in the UK and the Middle East, the business is a leader in the maintenance, modifications and operations (MMO) market on the UK continental shelf.
AFW UK is a world class integrated solutions business with best in class MMO capabilities and an excellent track record of international expansion.
The business represents the majority of Amec Foster Wheeler's former UK upstream oil and gas operations, to be divested as a remedy to competition concerns raised in relation to the John Wood Group's acquisition of Amec Foster Wheeler.
The AFW UK team is an exciting addition to the WorleyParsons group. Some of the strategic benefits include:
- Robust entry for WorleyParsons into the UK North Sea as a profitable market leader.
- Acceleration of WorleyParsons' corporate strategy to build a world class global MMO capability in the Integrated Solutions business line.
- Combines AFW UK's capabilities and strong track record of global expansion with WorleyParsons' global network which together will create a genuine global MMO business.
- The addition of AFW UK's execution capability, experience and mature systems and processes will support efficient global MMO execution.
“I look forward to welcoming our new colleagues as together we develop our plans for an exciting new future.” Andrew Wood, CEO WorleyParsons.
Read the article online at: https://www.worldpipelines.com/business-news/01112017/worleyparsons-announces-acquisition-of-afw/
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