Petrofac Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Tareq F. Kawash
- Full Time Employees
- 8,600
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 26 New Street Saint Helier GL Jersey JE2 3RA
- IPO Date
- Apr 1, 2011
- Website
- petrofac.com
- Similar Companies
- Business
- Petrofac Limited is a British international energy services company specializing in the design, construction, management, and maintenance of oil, gas, refining, petrochemicals, and renewable energy infrastructure. Its core products and services include engineering, procurement, and construction (EPC) of onshore and offshore facilities; operations and maintenance of energy assets; decommissioning services; well engineering; project management; and training and competence development for energy sector personnel. Petrofac operates mainly in the Middle East and North Africa (MENA) region, the UK North Sea, India, Southeast Asia, and the United States, with over 7,300 employees across more than 30 offices worldwide. The company leverages its engineering know-how and consultancy expertise to deliver complex projects including gas processing plants, clean fuels refineries, offshore wind substations, hydrogen units, and carbon capture and storage infrastructure. Founded in 1981 and headquartered in London with registration in Jersey, Petrofac has a strong footprint in both upstream and downstream sectors along with a growing focus on new energy solutions. Recent major developments include securing significant new contracts with ADNOC worth $1.53 billion in EPC and EPC management services, reflecting its ongoing project pipeline strength particularly in the MENA region. Meanwhile, Petrofac is undergoing a financial restructuring process to address balance sheet challenges, including a Lock-Up Agreement with stakeholders aimed at stabilizing the company’s capital structure. The company’s shares trading has been suspended since May 2025 pending publication of audited 2024 results following the restructuring. Operationally, Petrofac continues to maintain delivery capabilities, focusing on technology-driven, cost-effective project execution and asset management, while expanding its activities into low carbon and renewable energy projects such as hydrogen and waste-to-fuel initiatives. Petrofac’s integrated service offerings span the full project lifecycle from front-end engineering and design, procurement and construction through commissioning, operations, and decommissioning. The company differentiates itself through strong client-centric approaches, flexible commercial models, and an emphasis on local delivery and in-country value creation. It serves a diverse client portfolio including leading global energy companies and supports energy transition demands by leveraging digital technologies to optimize asset efficiency and reduce emissions. Petrofac’s ongoing strategic priorities include strengthening its financial position through restructuring while leveraging its extensive engineering and operational expertise to capitalize on the evolving energy market.
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