Petrofac Limited is an international energy services company that designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. It is registered in Jersey (number 81792), with its main corporate office on Jermyn Street, London. It has operational centres in Aberdeen, Sharjah, Woking, Chennai, Mumbai, Abu Dhabi, Saudi Arabia and Kuala Lumpur. There are another 24 offices in various countries.[3] The company is listed on the London Stock Exchange.
The company was established as a producer of a modular plant in Tyler, Texas, United States in 1981.[2] It was first listed on the London Stock Exchange in 2005.[2] In 2010, it bought a 20 percent share in the Gateway storage scheme, an undersea cavern for gas storage.[4] In November 2013, Petrofac and the Italian oil firm Bonatti partnered on a $650 million joint venture with Sonatrach to develop new separation and booster compression facilities, extending the life of the Alrar gas field in south-east Algeria.[5] In November 2014, the company issued a profit warning, saying that profit for 2015 would fall by 25%, as slowing demand in China and abundant US output cut the oil price.[6]
In January 2021, a former Global Head of Sales at Petrofac Ltd., which serves the British energy industry, pleaded guilty to charges related to bribery. The UK Serious Fraud Office confirmed that David Lufkin offered and paid around $30 million to win United Arab Emirates contracts worth $3.3 billion for Petrofac between 2012 and 2018. The guilty plea included 11 other charges of bribery, where Lufkin made corrupt offers to influence contract awards of more than $3.5 billion in Saudi Arabia, and over $730 million in Iraq.[7] In October 2021 Petrofac was fined £77m for seven charges of failing to prevent bribery in the Middle East.[8]
petrofac, limited, international, energy, services, company, that, designs, builds, manages, maintains, refining, petrochemicals, renewable, energy, infrastructure, registered, jersey, number, 81792, with, main, corporate, office, jermyn, street, london, opera. Petrofac Limited is an international energy services company that designs builds manages and maintains oil gas refining petrochemicals and renewable energy infrastructure It is registered in Jersey number 81792 with its main corporate office on Jermyn Street London It has operational centres in Aberdeen Sharjah Woking Chennai Mumbai Abu Dhabi Saudi Arabia and Kuala Lumpur There are another 24 offices in various countries 3 The company is listed on the London Stock Exchange Petrofac LimitedTypePublic limited companyTraded asLSE PFCIndustryEngineering Procurement amp Construction Oil amp GasFounded1981HeadquartersLondon United KingdomKey peopleRene Medori Chairman Sami Iskandar Group Chief Executive Afonso Reis e Sousa Chief Financial OfficerProductsPetrochemicalsRevenueUS 3 057 million 2021 1 Operating incomeUS 29 million 2021 1 Net incomeUS 192 million 2021 1 Number of employees8 200 2022 2 Websitewww wbr petrofac wbr com Contents 1 History 2 Services 3 References 4 External linksHistory EditThe company was established as a producer of a modular plant in Tyler Texas United States in 1981 2 It was first listed on the London Stock Exchange in 2005 2 In 2010 it bought a 20 percent share in the Gateway storage scheme an undersea cavern for gas storage 4 In November 2013 Petrofac and the Italian oil firm Bonatti partnered on a 650 million joint venture with Sonatrach to develop new separation and booster compression facilities extending the life of the Alrar gas field in south east Algeria 5 In November 2014 the company issued a profit warning saying that profit for 2015 would fall by 25 as slowing demand in China and abundant US output cut the oil price 6 In January 2021 a former Global Head of Sales at Petrofac Ltd which serves the British energy industry pleaded guilty to charges related to bribery The UK Serious Fraud Office confirmed that David Lufkin offered and paid around 30 million to win United Arab Emirates contracts worth 3 3 billion for Petrofac between 2012 and 2018 The guilty plea included 11 other charges of bribery where Lufkin made corrupt offers to influence contract awards of more than 3 5 billion in Saudi Arabia and over 730 million in Iraq 7 In October 2021 Petrofac was fined 77m for seven charges of failing to prevent bribery in the Middle East 8 Services EditPetrofac is organised into three divisions 9 Engineering amp Construction E amp C Engineering amp Production Services EPS Integrated Energy Services IES References Edit a b c Annual Results 2021 PDF Petrofac Retrieved 9 May 2022 a b c Heritage Petrofac Retrieved 2 March 2021 Where we operate About us Petrofac www petrofac com Retrieved 2020 03 11 Petrofac buys into UK gas storage project Archived 2011 04 14 at the Wayback Machine Evening Standard 6 December 2010 Petrofac and Bonatti win US 650mn EPC project in Algeria Africa Oil Review Africa 2013 Petrofac issues profit warning TheGuardian com 24 November 2014 Retrieved 6 December 2014 Former Petrofac Executive Pleads Guilty to Three Counts of Bribery The Wall Street Journal Retrieved 15 January 2021 Petrofac fined 77m for string of Middle Eastern bribery charges CityAM 2021 10 04 Retrieved 2021 10 11 Petrofac About Us Energy portal Companies portalExternal links EditOfficial Petrofac company website Retrieved from https en wikipedia org w index php title Petrofac amp oldid 1127925371, wikipedia, wiki, book, books, library,
