Additionally, Petrofac is considering allowing investors to take non-controlling stakes in other segments of its business.

This endeavor is part of Abu Dhabi National Oil Company's (ADNOC) aggressive decarbonization strategy.

The contract, valued at over $100 million, encompasses operations and maintenance services across various assets in the North Sea, including Arbroath, Auk, Bleo Holm, Claymore, Clyde, Fulmar, Montrose, Piper, Saltire, Tartan facilities, Flotta Oil Terminal, and Nigg Oil Terminal.

Gas production from Timi field began on August 22, 2023.

Four prominent international engineering, procurement, and construction (EPC) companies are vying for multiple EPC packages offered by Saudi Aramco for the expansion of its Fadhili gas plant.

Petrofac’s Engineering & Production Services division has secured a one-year contract extension worth around US$80 million with a key client in Iraq.

Petrofac is set to build on its provision of digitally enhanced services for BP

Petrofac revealed that the Abu Dhabi National Oil Company (ADNOC) cancelled two contracts for the Dalma Gas Development Project.