Petrofac Share Discussion Threads

[notimpressed] 13/10/2017 13:59

brent @ $57

[ny boy] 13/10/2017 13:43

Oil up again, I missed the rise but hasn't been very supportive here, we need some decent contract news!

[dahhad] 13/10/2017 13:28

In again at these levels! Hopefully near the bottom!! At least the recent trading volatility has stopped; for a while!

[adejuk] 13/10/2017 12:51

Lol
not quite true
i discovered 5k in my isa that i'd forgotten.

[w1ndjammer] 13/10/2017 11:14

adejuk

you sold, get over yourself

WJ.

[adejuk] 13/10/2017 10:57

420 finish?

[robo175] 13/10/2017 09:57

Yes good info WJ

[stoxx67] 13/10/2017 09:51

many thanks WJ

[w1ndjammer] 13/10/2017 09:10

three conferences coming up, so i think we will maybe getting contract award news...

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16 - 18 October 2017

Kuwait Oil and Gas Show
Kuwait International Fair, Mishref.

Kuwait oil and gas show and conference was first established in 2013 and it incorporates an international exhibition of oil and gas hardware and services and a broad spectrum technical conference programme. It serves all areas of the oil and gas industry including petroleum, geosciences exploration and production and refining and petrochemical products and services.

Come and meet the team at Stand 6120 in Hall 6

Find out more about KOGS

20 October 2017

Interim dividend payment
02 - 04 November 2017

Turkmenistan International Oil & Gas Conference
Conference Centre, Chamber of Commerce & Industry of Turkmenistan in Ashgabat, Turkmenistan.

Petrofac is a silver sponsor of the event, with delegates attending the sessions.

Find out more about the 22nd Turkmenistan International Oil & Gas Conference

13 - 16 November 2017

ADIPEC
Abu Dhabi National Exhibition Centre.

ADIPEC is the largest oil and gas exhibition and conference in the Middle East.

For the 12th year running, we will be exhibiting and networking at the conference sessions. Come and meet the team at Stand 9210 in Hall 9.

Find out more about ADIPEC

Technical paper

Sohaib Ahmed, Consultant - Asset Management, will be delivering a paper as part of the downstream technical sessions:

Technical category 5: Project management, engineering technology and implementation
Title of paper: A cost-effective approach to flare pipework design for avoiding failures due to acoustically induced vibration

[ny boy] 13/10/2017 09:02

Oil drag again + lack of contract wins lately, they need 20B + a year really, so a way to go, I guess this has encouraged bears to keep going.

400p support, if that hold I will add a few more, resistance 450p

[adejuk] 12/10/2017 16:50

without news ano big down tmrw.
f'ers
but i am out until a confirmed uptrend
gla

[1gw] 12/10/2017 16:21

That's low enough for me to buy some more and bring my average down a bit further.

[w1ndjammer] 12/10/2017 16:09

i have started buying, the up trend is still intact, if we head north now.

WJ.

[rhatton] 12/10/2017 15:36

Paa65 sorry yeah my mistake. I was meaning this financial year

[paa65] 12/10/2017 15:30

Rhatton - the 1.3 billion in Kuwait was on 28th March. The SFO was on 12th May

[w1ndjammer] 12/10/2017 15:21

Share Print close 06 October 2017
Safety success for the Anasuria FPSO

The Anasuria FPSO today achieved three years without a lost time incident (LTI). The safety milestone follows a recent award from the Royal Society for the Prevention of Accidents (RoSPA), who gave the asset an ‘Order of Distinction’ in celebration of the team’s commitment to occupational health and safety.

“Today’s achievement corresponds with the asset’s 21st production anniversary, making it particularly special”, explains Bob Baxter, Anasuria’s Offshore Installation Manager. “Our recent safety successes recognise the focus our team and partners place on safety. It’s always at the forefront of our agenda, on and offshore. Our focus now must be to build on our performance as we continue to support AOC to extend the life of the field.”

Petrofac is undertaking full responsibility on behalf of AOC for the FPSO operations as well as for monitoring and managing the pipelines and wells, with the exception of the Cook well. For the first time in the UKCS, we combined these responsibilities within one outsourced contract – known as Service Operator – an evolution of the outsourced Duty Holder model we pioneered in 1997.

[rhatton] 12/10/2017 15:15

Paa65. But I do agree with you, contracts are essential. Hopefully there’s more to come though

[rhatton] 12/10/2017 15:13

So far since SFO announcement there has been

$1.3 billion Kuwait
$1.0 billion JV with Samsung
$0.7 billion Russia
€0.4 billion Turkey
There was that Iraq $0.1 billion extension too.

All in all they’re not doing too bad this year. Last year there was only $2 billion approx in the full year

[adejuk] 12/10/2017 15:13

i sold my 25 k at an average of 429 this am.
i'm in a risk off phase and am now 70% cash - that's safe isn't it :-)
my pf is up 12% this year. not bad and quite happy to let the 30% run
some gambles - jlp, hemo, xtr
but then legal and general - 100k, imm 50k, iqe 100k

[paa65] 12/10/2017 15:04

WJ - I'm just observing what has happened in the last 5 months.I think oil price and optimism was much better in 2012.

[paa65] 12/10/2017 15:02

5% - no contract is exactly the fear the shorters are exploiting.In the five months since the SFO announcement, there has only been a little over $2Bn in RNS contract announcements. So we are already $500m behind. A new contract is required soon just to keep the company going - rather than something that will blow away the shorters.There have been other small contracts and extensions but but they must be small to not require an RNS.If there are no more contracts this year then the end of year results will be grim with respect to the order book.

[w1ndjammer] 12/10/2017 15:00

paa re post 10010

i don`t think it works like that for example, i am sure you will agree
that 2012 was a good year share price wise average 1500p but contract wins totaled less
than $1.5 billion you forgot the service work and royalties etc etc 2011 was similar

WJ.

looking for 400p to load up

[fuji99] 12/10/2017 14:45

Paa65 - Interesting and plausible remark. Cheers.

[cinquepercento] 12/10/2017 14:38

Paa65:

I like your post above,Paa65.

The only fly in the ointment is if Petrofac does not get another contract.

[paa65] 12/10/2017 14:20

And DB have just reduced their holding by 1.3%