Trade Petrofac Ltd - PFC CFD

Petrofac Company profile

About Petrofac Limited

Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company is engaged in designing, building, managing and maintaining infrastructure for the energy industries. The Company builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in infrastructure projects. The Company operates through two segments: Engineering & Construction and Engineering & Production Services. The Engineering & Construction segment provides lump-sum engineering, procurement and construction project execution services to the onshore and offshore oil and gas industry. The Engineering & Production Services includes all reimbursable engineering and production services activities to the oil and gas industry.

Financial summary

BRIEF: For the six months ended 30 June 2021, Petrofac Limited revenues decreased 24% to $1.6B. Net loss increased 10% to $86M. Revenues reflect Engineering & Construction Services segment decrease of 32% to $1.11B, Integrated Energy/Services segment decrease of 75% to $15M, Oman segment decrease of 51% to $223M, United Arab Emirates segment decrease of 59% to $69M, Algeria segment decrease of 27% to $209M.