Petrofac Limited, a global leader in providing services to the energy sector, has secured a significant Technical Services Contract worth approximately $350 million from Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol). The five-year contract involves providing a broad range of technical services to support the operation of Equatorial Guinea’s Block B asset, marking a […]
Petrofac Limited, a leading international service provider to the energy industry, revealed details about its ongoing strategic and financial restructuring efforts. Amidst these developments, the company is in active discussions with its lenders to convert a significant portion of its debt into equity. This restructuring move aims to bolster Petrofac’s financial stability and enhance its […]
Petrofac has initiated a multi-million-dollar front-end-engineering design (FEED) for the Aramis carbon transport and storage (CCS) system in the Netherlands. This development is a significant step towards achieving the decarbonization goals set by the European Union in the European Green Deal and the Dutch Climate Agreement. Aramis is a collaborative project involving TotalEnergies, Shell, Energie […]
In a multi-million-pound agreement, Petrofac has secured a pivotal contract with Saipem to assist in the decommissioning of a substantial platform located within the UK sector of the North Sea. This partnership will witness the coordinated removal of a 20,000-tonne topside, leveraging the capacities of the Saipem 7000, regarded among the globe’s most formidable semi-submersible […]
International energy service provider, Petrofac, has been chosen by ADNOC Gas Processing, a subsidiary of Abu Dhabi National Oil Company (ADNOC), to undertake a significant new engineering, procurement and construction (EPC) project at its Habshan Complex. The contract, valued at approximately $700 million, was awarded to Petrofac Emirates. The EPC project entails the construction of […]
Petrofac and China Huanqiu Contracting & Engineering (HQC) have secured an engineering, procurement, and construction (EPC) contract worth $1.5 billion for a petrochemical project in Algeria, awarded by STEP Polymers. As the lead partner in the joint venture, Petrofac will be allocated $1 billion of the contract value, while its partner in the JV is […]
Petrofac, a services provider to the energy industry, has bagged three new engineering and procurement services (EPS) contracts in Oman from Shell. The first of the scopes is an EPS contract for five years for the Mabrouk phase 2 project in Block-10, Al Wusta Governate, located nearly 400km from Muscat. The contract was awarded by […]
Oilfield services company Petrofac has secured a contract to deliver well management services for the UK North Sea operated assets of Dana Petroleum. The new two-year contract extends the existing five-year partnership between the two companies. With an option for extension, the $60 million contract received by Petrofac will include providing outsourced well engineering services […]
Petrofac has secured two-year field maintenance services contract extension to support operations pertaining to the Haliba oil field in the UAE from Al Dhafra Petroleum, a part of the Abu Dhabi National Oil Company (ADNOC) group. As per the terms of the extended contract, Petrofac will provide specialist personnel for maintaining and supporting facilities at […]
Petrofac has secured a three-year contract extension from UK-based oil and gas company EnQuest for supporting the Kittiwake platform, located 160km east of Aberdeen in Licence block 21/18 in the Central North Sea. As per the terms of the renewed contract, Petrofac will continue its role as duty holder of the Kittiwake platform. Since 2014, […]