WorleyParsons has acquired oil and gas management consulting firm MTG.
The move follows on a major LNG and coal seam gas contract win in June, which will see WorleyParsons provide engineering services for QGC’s QCLNG development in QLD.
The new acquisition, which us based in the US, specialises in “improving operational performance across every aspect of the exploration and production, midstream, refining and marketing, petrochemicals and chemicals industries,” according to WorleyParsons.
No value was given on the acquisition.
Speaking on the merger, David Henderson and Jim Nichols, partners of MTG, said “we are very excited to join the WorleyParsons Group; the combined capabilities and resources of our two companies will enable us to broaden the services that we provide as well as expand our geographic footprint”.
WorleyParsons CEO Andrew Wood added: “We are pleased to announced the acquisition of MTG. This acquisition provides us with another very important building block in the growth of Advisian as we build a global advisory business that will make a material impact to our customers’ operational and financial performance.”
Completion of the acquisition is scheduled for the end of October.