Investment Case

Leading international service provider to the energy industry

  • Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure
  • We are a trusted partner to a diverse portfolio of clients, providing a flexible offering of services and commercial models
  • Our purpose is to enable our clients to meet the world’s evolving energy needs
  • Our six values – safe; ethical; innovative; responsive; quality & cost conscious; driven to deliver – are at the heart of everything we do

Well positioned in resilient markets, with an attractive growth pipeline

  • Leading presence in the MENA region, which enjoys the lowest marginal costs of production in the world and resilient spending on energy infrastructure through the cycle
  • Leading presence in the UK North Sea, where essential operations and maintenance activity provides a durable baseline of revenue
  • Successfully diversifying our bidding pipeline into geographies beyond our core markets, like India, South East Asia, CIS, Europe and the US
  • Increasing our share of target markets where we see growth through the energy transition, diversifying beyond oil and focusing on gas, refining, petrochemicals and renewable energy

Strong competitive position underpins sector-leading margins

  • Best-in-class track record of safe, reliable and innovative execution built over several decades
  • Expert and experienced workforce, supported by our engineering expertise and ability to recruit and retain the industry’s best talent
  • Cost effective and local delivery model with a strong focus on in‑country value

Strong financial position

  • Capital light business model
  • Strong balance sheet and liquidity
  • Clear, disciplined capital allocation framework