Petrofac Ltd. (POFCF)
OTC PINK OTC PINK Primary Summary
POFCF Chart
Petrofac Secures New Contracts, Reports $500 Million in Awards
POFCY's Asset Solutions division expands in core markets and targeted locations such as the U.K., Europe, the Middle East, Africa, Asia and the United States.
Petrofac ups fundraising target as restructuring rumbles on
Petrofac Limited (LSE:PFC) shares fell 2% as it provided an update on its financial restructuring plan, outlining key developments in court proceedings and an expected $355 million of funding, as more bondholders support the plan that is now expected to leave existing shareholders with just 2.2% of the shares. With a convening hearing scheduled for this Friday, 28 February, and a sanction hearing set for 26 March, the restructuring is expected to become effective around 31 March.
Petrofac secures over 70% creditor support for restructuring plans
Oilfield services provider Petrofac said on Thursday over 70% of its bondholders backed the restructuring plan deal it entered into last year to raise funds through equity financing, crucial for stabilising its financial position.
Petrofac Ltd. Dividends
| POFCF 23 Apr 2020 | Other | $0.25 Per Share |
| POFCF 19 Sep 2019 Paid | Other | $0.13 Per Share |
| POFCF 25 Apr 2019 Paid | Other | $0.25 Per Share |
| POFCF 20 Sep 2018 Paid | Other | $0.13 Per Share |
| POFCF 26 Apr 2018 Paid | Other | $0.25 Per Share |
Petrofac Ltd. Earnings
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 30 Sep 2024 Date | | - Cons. EPS | - EPS |
| 26 Sep 2024 Date | | - Cons. EPS | - EPS |
| 19 Sep 2024 Date | | - Cons. EPS | - EPS |
| 9 Sep 2024 Date | | - Cons. EPS | - EPS |
| POFCF 23 Apr 2020 | Other | $0.25 Per Share |
| POFCF 19 Sep 2019 Paid | Other | $0.13 Per Share |
| POFCF 25 Apr 2019 Paid | Other | $0.25 Per Share |
| POFCF 20 Sep 2018 Paid | Other | $0.13 Per Share |
| POFCF 26 Apr 2018 Paid | Other | $0.25 Per Share |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 30 Sep 2024 Date | | - Cons. EPS | - EPS |
| 26 Sep 2024 Date | | - Cons. EPS | - EPS |
| 19 Sep 2024 Date | | - Cons. EPS | - EPS |
| 9 Sep 2024 Date | | - Cons. EPS | - EPS |
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Petrofac Ltd. Profile
| Oil & Gas Equipment & Services Industry | Energy Sector | Mr. Tareq F. Kawash CEO | OTC PINK Exchange | GB00B0H2K534 ISIN |
| JE Country | 8,600 Employees | 19 Sep 2019 Last Dividend | 6 Apr 2010 Last Split | - IPO Date |
Overview
Petrofac Limited is a prominent player in the energy industry, providing a wide range of services aimed at designing, building, managing, and maintaining infrastructure critical for energy production and processing. Established in 1981 with its base in St Helier, Jersey, Petrofac has carved a niche for itself on a global scale, extending its services across various countries including the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, among others. The company’s operations are segmented into Engineering & Construction (E&C), Asset Solutions, and Integrated Energy Services (IES), each tailored to cater to different aspects of the energy infrastructure lifecycle.
Products and Services
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Engineering & Construction (E&C)
This segment is at the heart of Petrofac’s offerings, specializing in the onshore and offshore engineering, procurement, construction, installation, and commissioning services. It caters to a broad spectrum of requirements in the energy sector, ensuring projects are delivered efficiently, safely, and in compliance with environmental standards.
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Asset Solutions
Focusing on both the upstream and downstream aspects, the Asset Solutions segment provides a comprehensive suite of services ranging from concept and feasibility studies to front-end engineering design (FEED). It extends its expertise to managing and maintaining onshore and offshore operations, emphasizing longevity and efficiency of energy assets.
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Integrated Energy Services (IES)
The IES segment is dedicated to maximizing the value from existing asset portfolios. It encompasses a wide array of services designed to enhance the operational efficiency, productivity, and lifespan of energy assets. This approach ensures clients achieve optimal returns on their investments by leveraging proven expertise and innovative solutions.
Contact Information
