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POFCY Petrofac Ltd (PK)

0.0958
-0.0032 (-3.23%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Petrofac Ltd (PK) USOTC:POFCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.0032 -3.23% 0.0958 0.0913 0.1113 0.101 0.082 0.101 795,562 21:14:28

Petrofac Secures $400 Million From UK Contract Extensions

14/12/2015 8:01am

Dow Jones News


Petrofac (PK) (USOTC:POFCY)
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By Alex MacDonald

 

LONDON--Petrofac Ltd. (PFC.LN) said Monday it has secured recent contract extensions from its customers on the U.K. Continental Shelf worth about $400 million.

The international service provider to the oil and gas industry said it has recently secured a two-year extension with Centrica Storage Ltd., a unit of Centrica PLC (CNA.LN), to its Services contract on the 8A platform in the Rough field, which will start production in January 2016.

It has also secured a five-year contract extension from EnQuest PLC (ENQ.LN), combining the services of an existing Facilities Management Agreement that will see Petrofac continue working on the Kittiwake platform.

This is the second round of UKCS renewals announced by Petrofac, with the award this year of several operations and maintenance contracts, worth $400 million, from such customers as CNRI and Eni SpA (E).

 

Write to Alex MacDonald at alex.macdonald@wsj.com

 

(END) Dow Jones Newswires

December 14, 2015 02:46 ET (07:46 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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