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ADIPEC 2017 preview Q&A: WorleyParsons

Interviewee: Krishnaswamy Iyer, Regional Managing Director, Middle East & Africa, WorleyParsons

What is WorleyParsons’ role in the oil and gas industry?

We are proud to work with some of the biggest names in the oil and gas sector, offering them services and solutions for projects both big and small, and helping them meet the world’s changing resources and energy needs.

We can do this not only because we have more than 60 years of experience in oil and gas, but also because of our expertise in infrastructure, power, and new energy, which are becoming more and more significant in our oil and gas operations.

Alongside our key work, we are dedicated to delivering sustained economic and social progress. We want to create opportunities for individuals, companies, and communities across the region – one example of this is our commitment to the Saudi Aramco In-Kingdom Total Value Add agreement, which aims to increase localisation dramatically.

Within the Middle East, where is your company most active?

WorleyParsons has been operating in the Middle East since the early 1950s, so we’ve witnessed – and been a part of – the amazing growth and changes that have happened during that time. We now have offices in the UAE, Saudi Arabia, Oman, Kuwait, Bahrain, Iraq, and Egypt, and we execute some of the region’s biggest and most strategically important energy and resource projects.

The region has always been a focus area for our business globally. We employ more than 3,500 people across the Middle East and North Africa.

How do you plan to expand your reach in the region?

Following a period of consolidation, reorganisation, and austerity for our customers in the region, we believe that we are at the cusp of increased investment in strategic projects in upstream and downstream sectors. During the period of low market activity, we have adjusted our approach not only to ensure cost competitiveness, but also to look at new and enhanced value-add offerings for our customers.

Our focus is on working with our customers to help them achieve profitable capital spend outcomes, sustain their assets, and increase in-country value. Oil and gas represents 70% of our aggregated global revenue, and that will continue as we support our clients in the future.

We remain a local company that looks to add value to our customers’ work. Our model of operating offices on the ground, close to our clients, remains a key differentiator [and] has helped us connect with our customers and build long-term relationships. We aim to continue building on this.

In addition to geographic reach, we support our customers across all business and service lines, including leveraging Advisian – our global consulting arm, which  provides strategic advice, integrated with technical expertise for clients in the energy, resources, and infrastructure sectors.

What led WorleyParsons to participate in ADIPEC 2017?

This year, we are pleased to be supporting a new member of the WorleyParsons group, Abu Dhabi-based Scopus Engineering, part of a recent acquisition of AFW UK Oil & Gas Limited. This event will see Scopus collaborating for the first time with the established team in the Middle East to offer our customers a fresh approach to lean engineering and surveying.

ADIPEC allows us to learn more about the industry, meet our customers, network with peers, and share knowledge with the broader supply chain.

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