Petrofac completes PetroFirst Transaction

RNS Number : 0725P

Petrofac Limited

13 August 2014

 



Press Release

13 AUGUST 2014

PETROFAC COMPLETES PETROFIRST TRANSACTION

Petrofac Limited is pleased to announce the completion of the sale of 80 per cent of the share capital of Petrofac FPSO Holding Limited to PetroFirst Infrastructure Holdings Limited, a company wholly owned by First Reserve Energy Infrastructure Fund I. The transaction was announced by the parties on 26 June 2014.

Ends

For further information contact:

Petrofac Limited                                                               [phone]

Jonathan Low, Head of Investor Relations

Jonathan Edwards, Investor Relations Officer

Alison Flynn, Head of Media Relations                                    [phone]

Tulchan Communications Group LLP                                      [phone]

Stephen Malthouse

Martin Robinson

[e-mail]

Notes to Editors

Petrofac

Petrofac is a leading international service provider to the oil & gas production and processing industry, with a diverse customer 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 customers' needs across the full life cycle of oil & gas assets.

With more than 18,000 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.

 

END

 

 

DISDMGMRDFMGDZM