Petrofac

Petrofac Limited is a provider of oilfield services to the international oil and gas industry. It is registered in Jersey (number 81792), with its main corporate office on Jermyn Street, London. It has operational centres in Aberdeen, Sharjah, Woking, Chennai, Mumbai, Delhi, Abu Dhabi, Saudi Arabia and Kuala Lumpur. There are another 24 offices in various countries. The company is quoted on the London Stock Exchange, and is a constituent of the FTSE 250 Index.

Petrofac Limited
Public limited company
Traded asLSEPFC
IndustryEngineering, Procurement & Construction, Oil & Gas
Founded1981
HeadquartersLondon, United Kingdom
Key people
Rijnhard van Tets, Chairman[1]
Ayman Asfari, Group Chief Executive
Alastair Cochran, Chief financial officer
ProductsPetrochemicals
RevenueUS$5.829 billion (2018)[2]
US$515 million (2018)[2]
US$61 million (2018)[2]
Number of employees
11,500 (2019)[3]
Websitewww.petrofac.com

History

The company was established as a producer of a modular plant in Tyler, Texas, United States in 1981.[3] It was first listed on the London Stock Exchange in 2005.[3] In 2010, it bought a 20 percent share in the Gateway storage scheme, an undersea cavern for gas storage.[4] In November 2013, Petrofac and the Italian oil firm Bonatti partnered on a $650 million joint venture contract for Sonatrach, adding to the firm’s already significant presence in Algeria.[5] In November 2014, the company issued a profit warning, saying that profit for 2015 will fall by 25%, as slowing demand in China and abundant US output cuts the oil price.[6]

Services

Petrofac is organised into three divisions:[7]

  • Engineering & Construction (E&C)
  • Engineering & Production Services (EPS)
  • Integrated Energy Services (IES)

References

  1. ^ Norman Murray steps down from Petrofac helm, The Scotsman, 23 August 2014
  2. ^ a b c "Annual Report 2018" (PDF). Petrofac. Retrieved 19 March 2019.
  3. ^ a b c "Heritage". Petrofac. Retrieved 19 March 2019.
  4. ^ Petrofac buys into UK gas storage project Archived 2011-04-14 at the Wayback Machine Evening Standard, 6 December 2010
  5. ^ Petrofac and Bonatti win US$650mn EPC project in Algeria, Africa: Oil Review Africa, 2013
  6. ^ "Petrofac issues profit warning". 24 November 2014. Retrieved 6 December 2014.
  7. ^ Petrofac: About Us

External links

2014–15 Scottish Challenge Cup

The 2014–15 Scottish Challenge Cup, known as the Petrofac Training Cup due to sponsorship reasons with Petrofac, was the 24th season of the competition. It was competed for by 32 clubs, which included the 30 members of the 2014–15 Scottish Championship-League Two, the top Highland League club with a valid SFA club licence (Brora Rangers) and the highest placed team from the previous season in the Lowland League with a valid SFA club licence (Spartans).

The defending champions were Raith Rovers, who had defeated Rangers in the 2014 final. Raith were eliminated by Dunfermline Athletic in the first round of the North Section.

2015 Scottish Challenge Cup Final

The 2015 Scottish Challenge Cup Final, also known as the Petrofac Training Cup Final for sponsorship reasons, was a football match that took place at McDiarmid Park on 5 April 2015, between Livingston and Alloa Athletic. The match was televised by BBC ALBA. It was the 24th final of the Scottish Challenge Cup since it was first organised in 1990 to celebrate the centenary of the now defunct Scottish Football League, it is the second Challenge Cup Final since the SPFL was formed. Both teams progressed through four elimination rounds to reach the final.

2015–16 Scottish Challenge Cup

The 2015–16 Scottish Challenge Cup, known as the Petrofac Training Cup due to sponsorship reasons, was the 25th season of the competition. It was competed for by 32 clubs, which include the 30 members of the 2015–16 Scottish Championship, 2015–16 Scottish League One and 2015–16 Scottish League Two, the top 2014–15 Highland Football League club with a valid SFA club licence (Brora Rangers) and the highest placed team from the 2014–15 Lowland Football League with a valid SFA club licence (Edinburgh City).The defending champions were Livingston, who defeated Alloa Athletic in the 2015 final, but were eliminated in the quarter-finals by Rangers.

Rangers defeated Peterhead in the final at Hampden Park by a score of 4-0 to win the competition for the first time.

2016 Scottish Challenge Cup Final

The 2016 Scottish Challenge Cup Final, also known as the Petrofac Training Cup Final for sponsorship reasons, is a football match that took place on 10 April 2016 at Hampden Park, between Rangers and Peterhead. Rangers won the match by 4 goals to nil. It was the 25th final of the Scottish Challenge Cup since it was first organised in 1990 to celebrate the centenary of the now defunct Scottish Football League and the third Challenge Cup Final since the SPFL was formed. Both teams progressed through four elimination rounds to reach the final.

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In 2008, 85% of ARMO shares was sold to the U.S-Swiss consortium Refinery Associates of Texas and Anika Enterprises SA (other companies were involved in initial talks, but did not participate in the purchase) for €128.7 million. Other bids were made by Petrofac, Penta Investments and Vitol.As of the fall of 2012, ARMO Energy employs over 1,500 people and has a refining capacity of 1.5 million tons with a storage capacity of 220,000 cubic meters.

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