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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0593 | 0.0593 | 0.0593 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Tapan Panchal
LONDON--Petrofac Ltd. (PFC.LN) said Tuesday that it has sold its 50% stake in the Panuco oil field in Mexico to partner Schlumberger for an undisclosed sum.
The oil and gas company has sold its interest in Petro-SPM Integrated Services SA de CV, which operates the Panuco integrated service contract. Schlumberger now owns 100% of the contract.
The U.K.-listed company said the sale consideration is in line with the net book value of the interest and comprises cash on completion and deferred consideration. The sale was completed on Aug. 15.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
August 22, 2017 03:10 ET (07:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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