BP Oil New Zealand Ltd has entered into a joint venture (JV) with WorleyParsons, with WorleyParsons taking a 50% shareholding in the established entity, New Zealand Oil Services Ltd (NZOSL).
Under the venture, NZOSL has been awarded a Terminal Services Agreement for the operation of BP’s seven bulk fuel storage, handling and distribution facilities in New Zealand.
WorleyParsons also becomes NZOSL’s preferred contractor to deliver engineering, project delivery and asset management services.