November 26, 2018 [Tank News International] - BP Oil New Zealand (BP) has entered into a joint venture with WorleyParsons, with WorleyParsons taking a 50 percent shareholding in the established entity New Zealand Oil Services Limited (NZOSL).
Under the venture, NZOSL has been awarded a Terminal Services Agreement for the operation of BP’s seven bulk fuel storage, handling and distribution facilities in New Zealand. WorleyParsons also becomes NZOSL’s preferred contractor to deliver engineering, project delivery and asset management services.
“This contract demonstrates the synergies following our acquisition of AFW UK Oil & Gas Limited in 2017. It builds upon our established relationship with BP and utilises WorleyParsons’ MMO expertise and capability”, said Andrew Wood, Chief Executive Officer of WorleyParsons.