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
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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
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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
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Strong financial position
- Capital light business model
- Strong balance sheet and liquidity
- Clear, disciplined capital allocation framework
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