Reasons to invest in Petrofac:

We are:

  • On track to deliver full year net profit in 2016 in line with expectations
  • Putting legacy contracts behind us with the completion of the Laggan-Tormore project and delivery of the FPF1 floating production facility
  • Delivering value from the IES portfolio
    • We have formally exited the Berantai RSC and Ticleni PEC and we are progressing other opportunities
  • Continuing to drive cost optimisation
    • Our Group reorganisation has bedded-in and we continue to pursue operational excellence
  • Focusing on our core strengths
    • We have a high level of backlog in our core markets and bidding remains competitive
  • Managing our balance sheet to support the dividend and deliver shareholder value