Kuwait collection for Petrofac
UK contractor Petrofac has collected a new contract with Kuwait Oil Company for work on new oil and gas pipelines.
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Petrofac pushes up figures
Published 09.03.2010 10:38:27 by John Bradbury
Energy services group Petrofac which has just announced a plan to merge its UK Don West and Don South West North Sea fields into a new company with Lundin reported a earnings up 34% to US $559 million in 2009 from $419 m. in 2008.Petrofac's net profit for the year was also up 33% to $353.6 m from $265 m in 2008 after a 10% rise in revenue to $3.65 Bn, from $3.33 Bn in 2008.
Order intake was also up for the UK and Middle-East based contractor which said the value of its order book was now worth $8.1 Bn compared with $4.1 Bn a year ago.
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