Petrofac Ltd. (PFC)

Sector:

Fossil Fuels Production & Distribution

Index:

FTSE Small Cap

22.70p
   
  • Change Today:
    -0.84p
  • 52 Week High: 87.50
  • 52 Week Low: 17.01
  • Currency: UK Pounds
  • Shares Issued: 522.05m
  • Volume: 3,189,424
  • Market Cap: £118.51m
  • RiskGrade: 428

Petrofac secures $100m contract with Libya Oil & Gas

By Michele Maatouk

Date: Friday 03 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Petrofac has secured a contract valued at more than $100m with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver the Erawin Field Development Project Phase 1 early production facilities.
The engineering, procurement, construction and commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the Erawin oil field, located in southwest Libya.

It also includes a pipeline to transport crude oil around 100 kilometres to the El Sharara oil field and a control room, substation and telecom system located there.

In addition to this latest contract award, Petrofac is also currently providing front-end engineering design (FEED) and conceptualisation studies, both upstream and downstream, for a number of clients in-country.

Elie Lahoud, chief operating officer for Engineering & Construction, said: "Libya is positioning itself to become a major oil and gas producer again and we're looking forward to helping the National Oil Company achieve its goals, develop key infrastructure safely and securely, and increase production.

"Petrofac has been delivering complex projects, engineering services and training local workforces in North Africa for over 20 years now. This latest award builds on our strength of engineering and construction capability and track record of effective delivery."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Petrofac Market Data

Currency UK Pounds
Share Price 22.70p
Change Today -0.84p
% Change -3.57 %
52 Week High 87.50
52 Week Low 17.01
Volume 3,189,424
Shares Issued 522.05m
Market Cap £118.51m
RiskGrade 428

Petrofac Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.53% below the market average6.53% below the market average6.53% below the market average6.53% below the market average6.53% below the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
90.71% below the market average90.71% below the market average90.71% below the market average90.71% below the market average90.71% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
85.83% below the market average85.83% below the market average85.83% below the market average85.83% below the market average85.83% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 7
Sell 0
Strong Sell 1
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Petrofac Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 18-Oct-19 24-May-19
Amount 12.70¢ 25.30¢

Trades for 26-Apr-2024

Time Volume / Share Price
16:23 21,991 @ 22.69p
16:23 40,000 @ 22.56p
16:23 231 @ 22.70p
16:23 31,948 @ 22.56p
16:22 50,000 @ 22.63p

Top of Page