Petrofac Limited
15 January 2008
PETROFAC LIMITED
PRODUCTION RECOMMENCES ON THISTLE ALPHA
Petrofac, as duty holder of the Thistle Alpha installation on behalf of Lundin
Britain Limited (Lundin), a wholly owned subsidiary of Lundin Petroleum AB, can
confirm that following a fire on the platform on 25 November 2007 which resulted
in a suspension of operations, production of hydrocarbons resumed on Saturday
12th January 2008.
Petrofac has been served with three notifications from the Health and Safety
Executive (HSE) in relation to the incident. One notification, relating to the
emergency response procedures on board the installation, has already been
closed, the Company is working closely with the HSE and Lundin to remedy the
remaining two notifications.
The investigation into the incident is being undertaken jointly by Petrofac &
Lundin in conjunction with the relevant authorities and specialists and is
proceeding to plan.
Ends
For further information, please contact:
Petrofac Limited +44 (0) 20 7811 4900
Keith Roberts, Chief Financial Officer
Jonathan Low, Head of Investor Relations
Bell Pottinger Corporate & Financial +44 (0) 20 7861 3232
Ann-marie Wilkinson
Olly Scott
Notes to Editors
1. Thistle Alpha
The Thistle Field is located approximately 523 km (325 miles) north-north east
of Aberdeen In the northern North Sea. The Thistle Alpha installation comprises
a steel jacket supporting a 3 deck platform, accommodation and heli-deck.
2. Petrofac
Petrofac is a leading international provider of facilities solutions 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) and
is a constituent of the FTSE 250 Index.
Through its three divisions, Engineering & Construction, Operations Services and
Energy Developments, Petrofac designs and builds oil & gas facilities; operates,
maintains or manages facilities and trains personnel; and, where return criteria
are met and service revenue synergies identified, co-invests with clients and
partners. Petrofac's range of services allows it to help meet its customers'
needs across the life cycle of oil & gas assets.
With more than 9,500 employees, Petrofac operates out of four strategically
located international centres, in Aberdeen, Sharjah, Woking and Mumbai and a
further 16 offices worldwide. The predominant focus of Petrofac's business is on
the UK Continental Shelf (UKCS), Africa, the Middle East, the Commonwealth of
Independent States (CIS) and the Asia Pacific region.
For additional information, please refer to the Petrofac website at
www.petrofac.com.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.