WorleyParsons is a professional services provider to the resources, energy and industrial sectors.
During the year ended 30 June 2014 (FY2014), we reported in three customer sector groups, each of which focused on customers involved in the following activities:
- Hydrocarbons – the extraction and processing of oil and gas;
- Minerals, Metals & Chemicals – the extraction and processing of mineral resources and the manufacture of chemicals; and
- Infrastructure – projects related to water, the environment, transport, ports and site remediation and decommissioning; and all forms of power generation, transmission and distribution.
On 1 May 2014, after an in-depth review of operations, we reorganized our business into three business lines of Major Projects, Services and Improve along with the new Development group and corporate functions. The review and the restructure were aimed at better positioning the Company for future earnings growth by improving delivery and offering a more competitive value proposition for our customers. From 1 July 2014, we will report in these three business lines.
Additional information on the business lines, Development group and corporate functions is provided in the Corporate Profile section of this Annual Report. Our customers include multi-national oil and gas, resources and chemicals companies as well as more regionally and locally focused companies, national oil companies and government owned utilities operating in the sectors described above.
The diversity of our business in terms of geography, industry and service offering is a fundamental strength. We operate in 46 countries, with no country representing more than 30% of aggregated revenue. In order to provide local delivery to our customers, we employed 35,600 people, in 157 offices located in 46 countries.