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PFC Petrofac Limited

10.50
0.00 (0.00%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac Limited LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec 2.59B -310M -0.5996 -0.18 54.29M

Petrofac Sells Stake in Mexican Oil Field

22/08/2017 8:25am

Dow Jones News


Petrofac (LSE:PFC)
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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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