ROHSTOFF INTERNATIONAL

11:46 | 23.10.2015
Advisian and KBC Enter into a Strategic Relationship

Advisian, the independent consulting business line of WorleyParsons
(ASX:WOR), and KBC Advanced Technologies plc (“KBC”), a leading
consultancy and software provider to the hydrocarbon industry, are
pleased to announce that they have entered into a joint collaboration
agreement to utilize the strengths of each company and their affiliates
to pursue projects involving consulting, software, design and
engineering services, initially for the upstream and midstream oil and
gas, refining and petrochemical business sectors. KBC’s technical
engineering and operational excellence skills complement Advisian in a
number of key areas that will create additional value for our clients.
This extends worldwide the successful relationship developed between KBC
and WorleyParsons in Asia since 2009.

To accelerate this joint collaboration, Advisian is pleased to announce
the award of a global five year, US$4.36m technology contract for KBC’s
Petro-SIMTM, MaximusTM and MultiflashTM
software. Advisian believes technology is, and will continue to be, a
critical edge in delivering value to oil and gas clients and this
contract consolidates a number of KBC product licenses into a much
larger global deal. The adoption of KBC’s engineering simulation
software in reservoir PVT, production and process facilities modelling
is a key step in strengthening the relationship between the two
companies.

KBC is a leading consultancy and software provider to the global
hydrocarbon processing industry. With over 35 years of experience, KBC
combines industry leading technology with experienced engineers and
operations personnel using robust methodologies to create personalised,
sustainable solutions for its clients.

Dennis Finn, Advisian CEO, said “We are very excited to be further
strengthening our relationship with KBC. Advisian and KBC share a
similar vision on the role that technology plays in the hydrocarbons
sector and I believe that our combined consulting forces have the power
to further enhance the value that we deliver to our clients.”

Andrew Howell, KBC CEO, added “This is an exciting moment for KBC with
the opportunity to strengthen our already important relationship with
Advisian and the broader WorleyParsons Group and we are also pleased to
be awarded this key software contract. This reflects the vision that
Advisian has on the role technology and consulting will play in helping
the oil industry through the current climate and back to increasing
profits.”

Both Advisian and KBC consider this an important strategic milestone in
their relationship.
About Advisian:Advisian is a unique consulting firm,
differentiated by our global reach, deep technical knowledge and ability
to implement the advice we provide. We operate in the Hydrocarbons,
Infrastructure, Minerals and Metals and Chemicals sectors. We offer a
comprehensive combination of strategic management advice, deep domain
knowledge and unparalleled technical know-how to deliver implementable
solutions. Our extensive network of consultants gives us the strength to
create extraordinary value for our clients right across the value chain
of any asset intensive business or project, anywhere in the world. We
first advise, then go on to deliver extraordinary outcomes based on that
advice.
About WorleyParsons
WorleyParsons delivers projects, provides expertise in engineering,
procurement and construction and offers a wide range of consulting and
advisory services. We cover the full lifecycle, from creating new assets
to sustaining and enhancing operating assets, in the hydrocarbons,
mineral, metals, chemicals and infrastructure sectors. Our resources and
energy are focused on responding to and meeting the needs of our
customers over the long term and thereby creating value for our
shareholders.

WorleyParsons is listed on the Australian Securities Exchange [ASX: WOR].

View source version on businesswire.com: http://www.businesswire.com/news/home/20151023005238/en/


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