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IN BRIEF: Petrofac wins major decommissioning contract in Australia

1st Apr 2022 09:13

Petrofac Ltd - Jersey-based services provider to the energy industry - Wins a USD236 million decommissioning contract from the Australian government. Petrofac has been contracted to complete phase one of the decommissioning of the Northern Endeavour floating production, storage and offtake facility in the Timor sea. Disconnection of the FPSO is expected to occur over approximately 18 months.

Current stock price: 108.56 pence, up 4.2%

12-month change: up 25%

By Heather Rydings; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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