An oil & gas services company providing design and build for oil and gas infrastructures; operates, maintains and manages assets and trains personnel. I have a holding in my growth portfolio (epic code: PFC)
Petrofac today announced a contract award in
a 50/50 joint venture with Korean based Daelim Industrial Co Ltd. It is a 36 month Engineering, Procurement and Construction contract for Oman
Oil Refineries and Petroleum Industries Company - a new customer for Petrofac. The
contract value is valued at US$2.1bn, so Petrofac's annualised share is just over 10% of next year's expected turnover.
No comments:
Post a Comment