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Petrofac’s New Project in Nova Scotia

11 Dec 2014 • by Natalie Aster

LONDON – Petrofac will work with the government of Nova Scotia on identifying the ways forward to exploiting its ultra-deepwater oil potential. According to the contract, Petrofac should investigate prospects of oil reservoir 3,000 metres beneath the seabed which is also in 2,000 metres of water. This multi-discipline integrated project is expected to be completed in early 2015.

As for FY 2013, Company’s revenue totalled USD 6,329.0 million, an increase of 1.43% compared with USD 6.24 billion in 2012. Also the gross profit climbed 8.18% to over USD 1.16 billion in FY2013, up from just above USD 1 billion in FY2012. Operating income increased to USD 771 million and company’s Net income boosted to USD 650 million.

Petrofac is a provider of oilfield services to the oil and gas industry worldwide. The company was founded in 1981 and is based in St Helier, the Channel Islands. Petrofac specializes in four segments: Onshore Engineering & Construction, Offshore Projects & Operations, Engineering & Consulting Services, and Integrated Energy Services. Today Company’s projects span 29 countries including Malaysia, Mexico, Iraq and Turcmenistan.

More details on the company’s business, services, strong and weak sides, news and competitors can be found in the report “Petrofac Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” elaborated by BAC Reports has been recently published at MarketPublishers.com

Report Details:

Petrofac Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: December, 2014
Pages: 70

More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalogue.


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Natalie Aster
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