BP and Worley have announced the formation of a new strategic alliance aimed at enhancing efficiency, continuous improvement, and value creation within BP’s global Site Projects organization. This alliance builds upon a decade-long successful collaboration between the two companies and represents the first such partnership within BP’s operations business.
The alliance is set to improve capital efficiency in site projects, with an initial estimated saving of US$40 million over the next two years. This cost-saving initiative will be implemented in locations where Worley holds service contracts, including the Gulf of Mexico, Oman, Mauritania, and Senegal oil and gas producing regions, as well as the Cherry Point, Whiting, Rotterdam, Gelsenkirchen, and Lingen refineries.
Niall Maguire, BP’s VP of Site Projects, emphasized the significance of this alliance, stating, “We remain focused on improving safety, reducing emissions, high-value activity, and reducing cost. This alliance increases our operational effectiveness through centralization, standardization, and simplification, helping us safely grow the value of BP.”
The collaboration will leverage digital capabilities and global scale to enhance efficiency across engineering, procurement, construction development, and management. The alliance formalizes a long-standing relationship rooted in shared objectives, trust, and a commitment to excellence.
Mark Brantley, Group President EMEA and APAC, Worley, highlighted the strategic importance of this partnership, saying, “This alliance builds on our successful partnership in the Site Projects Efficiency Plan (SPEP) over the past two years, where we’ve worked together to drive down costs across BP’s global operations. Our shared history and values position us well to identify and implement solutions as we continue to create value and deliver sustainable change throughout BP’s portfolio of projects.”
Earlier this year, Worley signed a five-year global framework agreement with BP to provide engineering, procurement, and construction management (EPCM) services covering BP’s global refinery assets and ventures into new energy initiatives. Worley holds EPC contracts across BP’s legacy upstream businesses, further solidifying the partnership’s foundation.
This strategic alliance underscores BP and Worley’s commitment to improving operational efficiency and sustainability, setting a new standard for collaboration in the energy sector.
