Worley secures CP2 expansion EPC mandate ahead of early-2027 FID

By James Calloway

Worley has signed a reimbursable engineering, procurement and construction (EPC) contract with Venture Global for the CP2 Expansion in Cameron Parish, Louisiana, ahead of a planned final investment decision (FID) in early 2027.

The award adds to Worley's existing EPC services for Phase 1 and Phase 2 of the CP2 LNG export facility. It also extends a working relationship that began with early-stage engineering support for the expansion under a Master Services Agreement.

What does the award change for Worley?

The new agreement takes Worley beyond that earlier engineering support and adds a reimbursable EPC role for the expansion. It sits alongside the contractor's existing work on the same Louisiana export project.

For buyers and contractors, the distinction is clear: Worley has picked up execution work, while Venture Global has yet to take the planned investment decision on the expansion. The announcement does not treat the expansion as sanctioned.

The release gives no contract value, capacity addition or startup date. It also does not break down the scope by office or discipline.

In practical terms, the award broadens Worley's role while the expansion's investment decision remains ahead.

How does the work fit CP2?

The CP2 LNG export facility sits in Cameron Parish, where Worley already handles EPC services for Phase 1 and Phase 2. The new contract covers the CP2 Expansion rather than replacing the earlier phases.

Worley has worked on the expansion since providing early-stage engineering support under a Master Services Agreement. The EPC agreement extends that involvement and gives the contractor a larger part in the project's execution.

Chris Ashton, chief executive officer at Worley, said: “We are proud to have extended our relationship with Venture Global on one of the most strategically important LNG projects globally, which is set to provide energy supply and security at an important time.”

Ashton ties the award to LNG supply and security, while the announcement provides no volume or cost figure to measure the commitment. The added work extends an existing CP2 relationship rather than beginning a new contractor presence.

Who will deliver the EPC work?

Worley's offices in Houston, Baton Rouge and Reading will lead the new EPC work. The company's Global Integrated Delivery (GID) team will support those offices.

The announcement does not detail how the work divides among the locations, nor does it provide a procurement or construction timetable. No startup date accompanies the award.

The award names the offices responsible, but not when the work will proceed.

What happens before the early-2027 FID?

The planned early-2027 FID remains the next formal milestone named by Worley. Signing the reimbursable EPC contract ahead of that decision gives both companies a framework for the expansion without settling the investment question.

Because the award is reimbursable, its commercial scale cannot be read from a disclosed fixed contract value. Worley's announcement supplies neither a value nor the cost terms behind the arrangement.

The contract also sits within the company's stated commercial priorities. Worley has identified LNG as a priority growth market, and the CP2 award adds to its existing work on Venture Global's development.

Worley has secured the work, but Venture Global still has the investment decision to make.

What should operators watch?

The next disclosures should address the work and the decision that follows it:

• The scope and cost terms of the reimbursable EPC contract, which the release does not quantify.
• Progress in the expansion's early-stage engineering support under the Master Services Agreement.
• Venture Global's planned FID in early 2027 and the sanction decision that may follow.

None of those steps establishes a startup date for the expansion; the announcement leaves that date open.

For operators, the practical watch item is the early-2027 FID, because the EPC award still sits ahead of it.