WorleyParsons, an Australian engineering company, acquired the upstream UK North Sea operations of Amec Foster Wheeler, a British multinational consultancy, engineering and project management company, for £228m. WorleyParsons pointed out that strategic benefits of adding AFW UK team to the group include robust entry for WorleyParsons into the UK North Sea as a profitable market leader; acceleration of WorleyParsons’ corporate strategy to build a world class global MMO capability in the Integrated Solutions business line; combines AFW UK’s capabilities and strong track record of global expansion with WorleyParsons’ global network which together will create a genuine global MMO business; and the addition of AFW UK’s execution capability, experience and mature systems and processes will support efficient global MMO execution.