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WorleyParsons is announcing today that it has signed an agreement to purchase SEA Engineering Inc. (SEA) in a move that will expand the company’s off-shore hydrocarbon engineering capability and resources.
SEA is a Houston-based engineering company operating in the hydrocarbon / upstream /offshore / deepwater market sector. SEA provides complete engineering services including concept evaluation and selection; front-end engineering; detailed design; installation support; operational and maintenance planning and support; and removal and relocation planning of floating systems of all types. SEA provides its services worldwide including the Gulf of Mexico, Southeast Asia and the Pacific Rim, and West Africa.
SEA’s current staffing is 150 employees. Revenue for the 2006 calendar year was approximately US$26.5 million.
“The acquisition of SEA adds a capability in floating offshore structures to WorleyParsons’ strong capability in fixed offshore production facilities, platforms and pipelines,” said John Grill, WorleyParsons’ Chief Executive Officer.
