WorleyParsons snaps up management consultancy firm MTG

WorleyParsons has entered into an agreement to acquire MTG, a US-based management consultancy firm in the oil and gas, petrochemicals and chemicals industries.

MTG consults on exploration and production, midstream, refining and marketing, petrochemicals and chemicals industries, with operations in North America, the United Kingdom and Australia.

WorleyParsons said MTG will also help with the strategic transition of its advisory business, Advisian.

WorleyParsons CEO, Andrew Wood, said: “This acquisition provides us with another very important building block in the growth of Advisian as we build a global advisory business that will make a material impact to our customers’ operational and financial performance.”

Completion of the acquisition is expected by the end of October 2014.