Worley-INPEX Engineering Partnership
Worley Secures Significant Engineering Services Framework with INPEX for Australian Projects
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Key Points
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Inpex's flagship Ichthys LNG project in Australia includes an offshore central processing facility and a long 890 km pipeline delivering gas to onshore LNG facilities near Darwin, with an approximate capacity of 8.9 million metric tonnes per year.
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Inpex's Australian asset portfolio extends beyond Ichthys to include Bayu-Undan, Darwin LNG, Prelude FLNG, and the Van Gogh oil field, and Inpex is also involved in wind, solar, and storage initiatives, including a 50% stake in Enel Green Power.
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Worley will deliver engineering services from its Perth office with support from its Global Integrated Delivery team, which includes a presence in Mumbai to support offshore engineering work.
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A framework services agreement is a pre-arranged mechanism that allows work orders to be drawn down over time without renegotiating terms for each task, and it does not guarantee revenue—the actual income depends on the volume of work orders; the Tengizchevroil framework is cited as an analogous example.
Worley Limited has secured its first major framework services agreement with INPEX Operations Australia, the company announced this week. The deal gives Worley a standing arrangement to supply engineering services across INPEX's Australian projects, according to OE Digital.
The agreement does not guarantee a fixed revenue amount. Instead, it lets INPEX draw down work orders over time without renegotiating terms each time, according to StockWireX. Worley will deliver services from its Perth office, backed by its Global Integrated Delivery team.
Worley's First Major INPEX Framework After a Decade
Worley and INPEX have worked together for more than a decade. But this is the first time the two companies have formalized a major framework arrangement, LNG Prime reported. That distinction matters — a framework agreement pre-arranges terms so that new work can start faster and at lower cost.
The actual income Worley earns depends on how many work orders INPEX places. If demand grows, so does the revenue. If INPEX pulls back, income shrinks. Investors watching Worley on the ASX are keeping a close eye on how quickly work orders flow through, StockWireX noted.
Ichthys LNG and INPEX's Vast Australian Asset Base
INPEX's flagship asset in Australia is the Ichthys LNG project. It includes an offshore central processing facility and an 890-kilometer pipeline that carries gas to onshore LNG facilities near Darwin. The project can produce roughly 8.9 million metric tonnes of LNG per year.
But INPEX's Australian footprint goes well beyond Ichthys. The Japanese company also has stakes in Bayu-Undan, Darwin LNG, Prelude FLNG, and the Van Gogh oil field. INPEX is also moving into clean energy, including a 50% stake in Enel Green Power for wind, solar, and storage projects, according to Splash 247.
Perth Office and Mumbai Team Power the Delivery Model
Worley will run the bulk of the work out of its Perth office. That location puts the team close to INPEX's Australian operations. For offshore engineering tasks, Worley's Global Integrated Delivery team — which has a presence in Mumbai — will provide additional support, OE Digital reported.
This delivery model lets Worley scale up or down depending on how much work INPEX requests. It is similar to the framework Worley holds with Tengizchevroil, which is often cited as a benchmark for how these agreements can generate steady, recurring revenue over time.
What the Deal Means for Worley's Growth Strategy
TipRanks described the deal as a major win for Worley, calling it a potential turning point in its relationship with INPEX. Framework agreements like this one give engineering firms a pipeline of future work without the uncertainty of one-off contract bids.
Neither the contract value nor its duration was disclosed. But the structure signals that INPEX sees Worley as a long-term partner for scalable engineering capacity across Australia. For Worley, locking in that preferred-supplier position early could be worth far more than any single fixed-price contract.
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