Making a difference for more than three decades.
2017 marks 36 years in business for Petrofac – and we have certainly come a long way. Petrofac started life in 1981 with just 25 people on board. Today we are a robust global business with around 13,500 employees.
Over the years, we have always remained focused on our clients, operational excellence and supporting the market’s changing needs. Here we look back on some of the milestones in our history; the key moments that have created the Petrofac you see today.
Petrofac is established as a producer of modular plant in Tyler, Texas, USA with 25 members of staff.
Awarded the North Oman Crude Stabilisation project, valued at US$60 million.
Resources (now Developments) business created, combining the Group's capabilities in design, construction and operation of facilities and infrastructure with a commercial approach to investment.
Awarded the landmark 39-month Ohanet project, a joint venture with ABB valued at US$600 million.
Our engineering and construction services are expanded to include field facilities and development planning, early stage engineering, design and consultancy. A new office is established in Woking, England.
Our US Engineering, Procurement and Fabrication business is sold.
The Group is admitted to the Official List of the London Stock Exchange with market capitalisation of around US$1.3 billion.
As part of a wider reorganisation, a new division, Integrated Energy Services (IES), is created to help deliver the next stage of our strategic development, harnessing our existing service capability and delivering this on an integrated basis to resource holders.
Petrofac Training Services acquires SkillsXP, a competence management software tool specifically developed to meet the complex competency requirements of the oil and gas industry.
A new business unit, Offshore Capital Projects (OCP), is established to focus on taking our EPC capability offshore and will deliver our engineering, procurement, installation and commissioning (EPIC) projects.
Inauguration of our largest EPC project to date, the US$3.4bn Galkynysh gas field project in Turkmenistan.
Placed all critical path lump-sum orders to build our new proprietary design “Petrofac JSD 6000” offshore installation vessel.
Continued to grow our presence in the Middle East, with our largest contract win in Kuwait at US$4 billion in consortium with Consolidated Contractors Company.