OPERATIONS

Petrofac wins contract extension in Thailand

OIL and gas contractor Petrofac has won a five-year extension to manage a floating production, storage and offloading vessel for Valeura Energy in Thailand.

 Petrofac has built its orderbook further with a contract extension awarded by Valeura Energy, however its asset solutions business is outperforming its engineering and construction segment.

Petrofac has built its orderbook further with a contract extension awarded by Valeura Energy, however its asset solutions business is outperforming its engineering and construction segment.

Petrofac has held the contract as service operator of the FPSO at the late-life Jasmine offshore oilfield in the Gulf of Thailand since 2011.  Since first oil in 2005, the field has produced over 90...

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