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Corporation
INDUSTRIAL | Construction / Construction & Design Services
petrofac.com

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Portfolio Exits

1

Partners & Customers

10

About Petrofac

Petrofac is a provider of oilfield services to the international oil and gas industry. Petrofac's teams design and build oil and gas infrastructure; operate, maintain, and manage assets; and train personnel.

Petrofac Headquarter Location

44 Esplanade St Helier

Jersey, England, JE4 9WG,

United Kingdom

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Petrofac Web Traffic

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Page Views per Million (PVPM)
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Latest Petrofac News

Petrofac extends contract with EnerMech by three years

Nov 25, 2021

Petrofac extends contract with EnerMech by three years November 25, 2021, by Nermina Kulovic Global asset lifecycle support specialist EnerMech has confirmed a three-year extension deal with Petrofac, taking their working relationship beyond the 10-year mark. Having held the contract since 2012, the Aberdeen and Great Yarmouth team will continue to support the energy GS services firm with rental equipment delivery across all its UK operations until 2024. The work scope includes rigging and lifting, safety, measuring, electrical, air-powered, hand tools, and welding and torquing equipment, EnerMech said on Thursday. EnerMech was awarded the continuation following a competitive in-depth commercial and technical review. The organisation’s 24/7 technical support, combined with its in-house data management system, EnerMech Live, were cited as key components to its success. According to EnerMech, the user-friendly system stores key information on customers’ equipment to streamline the storage, maintenance and management of their assets. It can be accessed around the clock from anywhere in the world to improve equipment monitoring. Ross McHardy, Regional Director, Europe and Africa, commented: “During the last nine years, we have developed an in-depth knowledge of their operations, working practices and requirements. I’d like to thank our highly skilled and dedicated people who have been integral to this latest award win as they continue to be recognised for delivering a first-class service across our equipment rental projects. “As the industry continues to focus on project efficiencies, our EnerMech Live technology offers an effective solution to equipment management and we’re very pleased to see Petrofac continuing to adopt this system.”

Petrofac Portfolio Exits

1 Portfolio Exit

Petrofac has 1 portfolio exit. Their latest portfolio exit was Petrofac - UK Training Business on February 18, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/18/2021

Divestiture

3

Date

2/18/2021

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

3

Petrofac Acquisitions

2 Acquisitions

Petrofac acquired 2 companies. Their latest acquisition was W&W Energy Services on November 20, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/20/2019

$991

Acquired

2

5/18/2011

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$99M

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10

Date

11/20/2019

5/18/2011

Investment Stage

Companies

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Valuation

$991

Total Funding

$99M

Note

Acquired

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Sources

2

10

Petrofac Partners & Customers

10 Partners and customers

Petrofac has 10 strategic partners and customers. Petrofac recently partnered with Gazprom on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/8/2021

Partner

Gazprom

Russian Federation

Petrofac joins forces with Gazprom to boost Russia’s industry expansion

Energy services provider Petrofac has signed a strategic partnership with Russia 's gas giant Gazprom to export and promote the Russian energy industry on the domestic and global markets .

1

7/15/2021

Vendor

Halliburton

United States

Halliburton : Petrofac Signs Contract for Halliburton DecisionSpace® 365

Halliburton today announced it signed a contract with Petrofac , an international service provider to the energy industry , to adopt Digital Well Program , a DecisionSpace ® 365 cloud application to automate drilling , completions , and engineering processes .

2

7/6/2021

Client

Neptune Energy

United Kingdom

Neptune renews Petrofac contract on Cygnus

Neptune renews Petrofac contract on Cygnus

1

7/1/2021

Vendor

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10

6/23/2021

Client

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10

Date

10/8/2021

7/15/2021

7/6/2021

7/1/2021

6/23/2021

Type

Partner

Vendor

Client

Vendor

Client

Business Partner

Gazprom

Halliburton

Neptune Energy

Country

Russian Federation

United States

United Kingdom

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News Snippet

Petrofac joins forces with Gazprom to boost Russia’s industry expansion

Energy services provider Petrofac has signed a strategic partnership with Russia 's gas giant Gazprom to export and promote the Russian energy industry on the domestic and global markets .

Halliburton : Petrofac Signs Contract for Halliburton DecisionSpace® 365

Halliburton today announced it signed a contract with Petrofac , an international service provider to the energy industry , to adopt Digital Well Program , a DecisionSpace ® 365 cloud application to automate drilling , completions , and engineering processes .

Neptune renews Petrofac contract on Cygnus

Neptune renews Petrofac contract on Cygnus

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Sources

1

2

1

10

10

Petrofac Team

10 Team Members

Petrofac has 10 team members, including current Chief Executive Officer, Ayman Asfari.

Name

Work History

Title

Status

Ayman Asfari

Chief Executive Officer

Current

Keith Roberts

Chief Financial Officer

Current

Elie Lahoud

Chief Operating Officer

Current

Maroun Semaan

Chief Operating Officer

Current

George Eapen

Chief Information Officer

Current

Name

Ayman Asfari

Keith Roberts

Elie Lahoud

Maroun Semaan

George Eapen

Work History

Title

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Operating Officer

Chief Information Officer

Status

Current

Current

Current

Current

Current

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