Petrofac Ltd. receives Investment Bank Analyst Rating Update
By Amna Karimi (Reuters) -Oilfield services provider Petrofac (LON:PFC) Ltd said on Tuesday it was seeing a strong intake of orders at its Asset Solutions unit and that it expects...
(Reuters) -Petrofac's shares soared 21% on Wednesday after the United Arab Emirates-backed oil firm, ADNOC, lifted a year-long suspension on the British oilfield services provider...
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Petrofac Limited is a holding company. The Company and its subsidiaries are engaged in the design, build, manage and maintain infrastructure for the energy industries. The Company operates through three segments: Engineering & Construction, Asset Solutions and Integrated Energy Services. Its Engineering & Construction segment provides fixed-price engineering, procurement and construction project execution services and reimbursable engineering, procurement and construction management services to the onshore and offshore oil and gas industry. Its Asset Solutions segment includes reimbursable engineering and production services activities to the oil and gas industry. Its Integrated Energy Services segment is focused on delivering value from the existing asset portfolio. The Company's services include asset lifecycle partner, project development, project execution, well engineering, asset support and decommissioning. It operates in Middle East, Europe, Americas, Africa and others.
|Average||2.24 (-97.87% Downside)|
|No. of Analysts||8|