Petrofac Ltd.
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Transactions
Petrofac Acquisition Of W&W Energy Services
Petrofac Acquisition Of W&W Energy Services
Petrofac Sells North Sea Assets For $292 Million
Petrofac Sells North Sea Assets For $292 Million
Petrofac To Sell 49% Of Its Mexican Operations
Petrofac To Sell 49% Of Its Mexican Operations
Petrofac Expands Subsea Capability With KW Ltd. Purchase
Petrofac Expands Subsea Capability With KW Ltd. Purchase
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New Financings
Signed a syndicated five-year revolving credit facility. Barclays and Standard Chartered acted as…
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News
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E&P Highlights: Oct. 3, 2022
Here’s a roundup of the latest E&P headlines including updates on a Gabonese field and contract wins from the past week in the upstream oil and gas industry.
Petrofac Bags $135 Million Contract with Kazakhstan’s NCOC
The work scope for the 30-month project includes an inlet stream screening to remove debris, feed water tanks with oil skimmer and pumps, a clarifier system including flocculation, coagulation and oil skimmer, treated wastewater storage and pumps, sludge treatment and relative utilities.
Petrofac Secures Iraq Contract Extension with Basra Oil Company
Petrofac’s engineering and production services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq crude oil export expansion project (ICOEEP) on May 28.
Petrofac Warns of Project Delays on COVID-19, Lower Oil Prices
Petrofac Ltd. on May 15 warned of delays in new projects until 2021 due to coronavirus-induced supply chain disruptions and travel restrictions as well as lower oil prices and said it was taking steps to conserve cash.
Petrofac Secures North Sea Work from BP
Petrofac is set to build on its provision of digitally enhanced services for BP, following the award of a three-year extension to its existing maintenance contract and a new four-year metering contract, the company said on May 12.
W&W Energy Services Introduces New Knuckle Boom Crane Truck
W&W Energy Services (W&W), a Petrofac company specialized in pipeline, production and infrastructure services to energy producers in the Permian Basin, is helping its customers improve safety, simplify operations and reduce costs by up to 40% with its Knuckle Boom Crane Truck.
Petrofac Lands Contract Work Worth $130 Million In Oman
Petrofac said Dec. 31 it won a new contract and the award of an additional scope of work with Petroleum Development Oman, with a combined value of roughly $130 million.
Petrofac Says Bidding Process Delays Hurt New Orders; Shares Fall
Oilfield services provider Petrofac Ltd. said on Dec. 17 it expected a more than 5% fall in full-year revenue, as delays in bidding processes hit new orders for its engineering and construction segment during the second half of 2019.
Petrofac To Divest Remaining Stake In Mexico For $276 Million
Oilfield services company Petrofac Ltd. said it would sell its remaining 51% interest in its Mexico operations to Perenco (Oil & Gas) International Ltd. for $276 million.
Petrofac, NPCC Secure Belbazem FEED Award
The scope of work includes the submission of a FEED package and proposal for the engineering, procurement, construction and installation (EPCI) of the facilities, with the execution of the EPCI work to be awarded on a design competition basis.
Tullow Oil Awards North Sea Decommissioning Work To Petrofac
Petrofac has been appointed well operator by Tullow Oil for the next phase of its Thames decommissioning project on April 2, following the award of a contract worth around $16 million.
Ex-Petrofac Executive Pleads Guilty To 11 Counts Of Bribery
The charges related to the making of corrupt offers to influence the award of contracts to Petrofac worth in excess of $730 million in Iraq and in excess of $3.5 billion in Saudi Arabia.