Petrofac


Petrofac

Infobox Company
company_name = Petrofac Limited
company_logo =
company_type = Public (lse|PFC)
foundation = 1981
location = Woking, UK
key_people = Rodney Chase, Chairman
Ayman Asfari, CEO
industry = Construction, Chemical engineering
products =
revenue = US$2,440.3 million (2007)
operating_income = US$248.5 (2007)
net_income = US$188.7 million (2007)
num_employees = 9,500 (2007)
parent =
subsid =
homepage = [http://www.petrofac.com www.petrofac.com]
footnotes =

Petrofac is a group of companies involved in oil, gas, and energy industries. It is quoted on the London Stock Exchange and is a constituent of the FTSE 100 Index (PFC.L), joining for the first time on 23 June 2008. cite web|url=http://www.ftse.com/Media_Centre/Press_Releases/2008/20080611_Invensys,_Ferrexpo,_Petrofac_&_Drax_Group_to_Join_FTSE_100.doc |title=Invensys, Ferrexpo, Petrofac and Drax Group to Join FTSE 100 |accessdate=2008-06-14 |date=2008-06-11 |format=DOC |publisher=FTSE Group ] It is registered in Jersey (number 81792), with its main corporate office in Jermyn Street, London. In addition it has major offices in Aberdeen, Mumbai, and Sharjah, and a further 20 offices in various countries.

History

The business was founded in Texas in 1981 as a producer of modular plant. [http://www.petrofac.com/History.html Petrofac History] ] It was first listed on the London Stock Exchange in 2005.

Operations

The Company has three divisions.

*Petrofac Engineering and Construction, as the name suggests, constructs oil and gas production and processing plants. It specialises in delivering large, complex projects in remote locations.
*Petrofac Operations Services runs oil and processing plants, and/or provides management facilities and training for personnel on them. Its main base is the UK North Sea, although it also has contracts in Dubai.
*Petrofac Energy Developments invests in oil and gas facilities. It owns a stake in developments in Algeria, Malaysia, Kyrgyzstan, UK North Sea, and Tunisia.

References

External links

* [http://www.petrofac.com/ Company Website]


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