Petrofac

Latest Petrofac News

• The project will be executed on an engineering, procurement, construction, installation and commissioning (EPCIC) alliance basis and is valued at US$220 million.

• Remain confident that Petrofac will deliver net profit growth in 2012 of at least 15%.

• The joint development of the Stella and Harrier fields, located in the Central North Sea, will involve the drilling of subsea horizontal wells tied back to the "FPF-1" floating production unit, with the export of processed hydrocarbons to nearby oil and
• Transportation and onshore processing of oil and liquid rich gas arrangements will be announced when finalised.
• A contract for use of the Ensco 100 heavy duty jack-up rig on the development drilling campaign to commence in H2 2012 was executed in November 2011.

• ITF, the oil and gas industry technology facilitator today announced new membership agreements with two major global service companies.

• In 2012, Petrofac expect to make further progress towards, with net profit expected to grow by at least 15%.

• Petrofac will provide detailed design, engineering, procurement, construction, pre-commissioning, commissioning and start-up work on the Badra development's central processing facility.

• Petrofac announces that it has acquired the entire share capital of KW Limited (KW).

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