Contract with ZPMC

RNS Number : 7669B

Petrofac Limited

09 October 2015

 



Press Release

9 October 2015

 

PETROFAC LIMITED

CONTRACT WITH ZPMC

Petrofac, the international service provider to the oil and gas industry, announces that due to issues with ZPMC's performance in respect of the construction of the proprietary design Petrofac JSD 6000 deepwater multi-purpose offshore vessel, Petrofac has terminated its contract with ZPMC.

Ayman Asfari, Group Chief Executive, said: "It is regrettable that it has become necessary for us to take this decision, and the Board is now reviewing its options." 

Ends

For further information contact:

Alison Flynn

Head of Media Relations

Petrofac

[e-mail]                                                   [phone]

Petrofac Investor Relations                                                   [phone]

Jonathan Low

Jonathan Edwards    

[e-mail]

Tulchan Communications Group Ltd

Stephen Malthouse

Martin Robinson

[e-mail]                                                  [phone]

Notes to Editors

Petrofac

Petrofac is a leading international service provider to the oil & gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil & gas companies.  Petrofac is quoted on the London Stock Exchange (symbol: PFC). 

Petrofac designs and builds oil & gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects.  Petrofac's range of services meets its clients' needs across the full life cycle of oil & gas assets.

With around 20,000 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

For additional information, please refer to the Petrofac website at www.petrofac.com.

 

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