Petrofac has issued the its pre-close trading update ahead of the announcement of its interim results for the six months ending 30 June 2014 on 26 August 2014.
Petrofac has secured a number of contract extensions and new wins in Offshore Projects & Operations in the year to date. The company was recently awarded a ten-year operations and maintenance contract with EnQuest, which supersedes an initial five year contract awarded to Petrofac in 2013, which will see Petrofac continue to provide operations and maintenance services on the Thistle, Heather and Northern Producer assets, and the EnQuest Producer floating production, storage and offloading vessel (FPSO).
Through Offshore Capital Projects, Petrofac recently secured its largest offshore engineering, procurement, construction and installation (EPCI) project to date (in consortium with Siemens) with the award of a major contract from TenneT, the German-Dutch transmission grid operator, for the BorWin3 offshore wind farm grid connection in the North Sea.