REG-Petrofac Limited: Acquires Mechanical Services Business <PFC.L>

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Press Release
14 January 2010
                               PETROFAC LIMITED                                
                PETROFAC ACQUIRES MECHANICAL SERVICES BUSINESS                 
Petrofac, the international oil & gas facilities service provider, confirms
that it has acquired Scotvalve Services Limited (Scotvalve), a UK-based
services company, from Scotvalve's management, for an initial cash
consideration of Â£3 million. A further consideration of up to Â£2 million will
be payable in cash and/or shares over three years, subject to achieving certain
agreed performance targets.
Scotvalve, founded in 1985, has some 37 employees located at a mechanical
workshop in Aberdeen from which the company provides the servicing and repair
of oilfield pressure control equipment. In addition, Scotvalve has the
capability to provide its services to the oil & gas sectors in the Middle East
and North Africa.
Scotvalve will enhance Petrofac's mechanical services offering enabling the
group to provide repair and maintenance services within a wider geographic
footprint. It will form part of the Offshore Engineering & Operations business
which already owns mechanical workshop facilities in the United Arab Emirates
and a mechanical services JV relationship in Saudi Arabia with the Zamil Group
Holding Company.
Ends
For further information contact:
Tulchan Communications Group Ltd           +44 (0) 20 7353 4200
James Bradley
David Allchurch
petrofac@tulchangroup.com
Notes to Editors
Petrofac
Petrofac is a leading international provider of facilities solutions to the oil
& gas production and processing industry, with a diverse customer portfolio
including many of the world's leading integrated, independent and national oil
& gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC)
and is a constituent of the FTSE 100 Index.
The group delivers services through seven business units: Engineering &
Construction, Engineering & Construction Ventures, Engineering Services,
Offshore Engineering & Operations, Training Services, Production Solutions and
Energy Developments.
Through these businesses Petrofac designs and builds oil & gas facilities;
operates, maintains and manages facilities and trains personnel; enhances
production; and, where it can leverage its service capability, develops and
co-invests in upstream and infrastructure projects. Petrofac's range of
services meets its customers' needs across the full life cycle of oil & gas
assets.
With more than 11,000 employees, Petrofac operates out of five strategically
located operational centres, in Aberdeen, Sharjah, Woking, Chennai and Mumbai
and a further 19 offices worldwide. The predominant focus of Petrofac's
business is on the UK Continental Shelf (UKCS), the Middle East and Africa, the
Commonwealth of Independent States (CIS) and the Asia Pacific region.
For additional information, please refer to the Petrofac website at 
www.petrofac.com.
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