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Petrofac Limited

Petrofac Limited

Sector: Facilities Support Management Services Region: United Kingdom


: | OTC Markets: POFCY | London Stock Exchange: PFC


Petrofac is an oilfield service company.

For the last 32 years we have been building our capability, increasing the scale and scope of our service offering. Today, Petrofac can provide services to customers across the entire spectrum of the oil and gas asset life cycle, on either a stand-alone or integrated basis, under flexible commercial models which are tailored to a customer’s needs.

Our teams:
Design and build oil and gas infrastructure operate, maintain and manage assets and train personnel

We are continuing to develop our capability further, and where appropriate, we will also create alliances and joint ventures to enable us to achieve our growth targets.

We have a proven track record of integrating aspects of our service offering, and deploying our own capital to create alignment with our customers, through tailored commercial frameworks.

Investor Calendar

Jun 23, 2015 10:00 am | Trading update

Aug 25, 2015 9:00 am | Half year results

May 14, 2015 5:01 am | Annual General Meeting 2015

Feb 24, 2015 7:00 pm | 2014 full year results announcement

Dec 31, 2014 9:00 am | 2014 financial year end

Oct 17, 2014 9:00 am | Interim dividend payment

Sep 19, 2014 9:00 am | Interim dividend record date


Latest Media

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Results 2014

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Results 2014

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Final Results

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Capital Markets Day Webcast

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Petrofacts magazine

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Corporate video

Executives

Rijnhard van Tets, Non-executive Chairman
General partner of Laaken Asset Management NV. He advised the managing board of ABN AMRO between 2002 and 2007, having previously served as a managing board member for 12 years. At ABN AMRO his roles included that of chairman of the wholesale clients and investment banking group.
Ayman Asfari , Chief Executive Officer
Ayman joined the Group in 1991 to establish Petrofac International, of which he was CEO. He has more than 30 years’ experience in the oil and gas industry, having formerly worked as managing director of a major civil and mechanical construction business in Oman.

Ayman is a member of the board of trustees of the American University of Beirut, founder and Chairman of the Asfari Foundation and member of the Senior Panel of Advisors of Chatham House.
Marwan Chedid, Chief Executive, Engineering, construction, Operations and Maintenance
Marwan joined Petrofac in 1992 when the business was first established in Sharjah, having previously worked for CCC, a major consolidated contractor company based in the Gulf and the Middle East, for eight years.

In 2007, he was appointed chief operating officer of the Engineering & Construction International business, with day-to-day responsibility for the successful delivery of overall operations.

In January 2009, he became managing director of Engineering & Construction Ventures before being appointed as chief executive, ECOM with effect from 1 January 2012.
Tim Weller , Chief Financial Officer
Tim joined Petrofac in September 2011 from Cable & Wireless Worldwide, where he had been chief financial officer between May 2010 and July 2011.

A Fellow of the Institute of Chartered Accountants in England and Wales with a degree in Engineering Science, he started his career with KPMG in London, eventually becoming a partner in KPMG’s Infrastructure Business Unit.

Until May 2010, he was chief financial officer at United Utilities Group PLC and had previously held chief financial officer roles with RWE Thames Water Limited and Innogy Holdings PLC (now RWE npower Holdings PLC) from 2002 to 2006.

Tim is a non-executive director of the Carbon Trust and G4S plc.
Thomas Thune Andersen, Senior Independent Director
Spent 32 years at the A.P. MøllerMærsk Group, with an international career ending as CEO and president of Mærsk’s oil and gas company. Served on Mærsk’s main board and its executive committee from 2005 to 2009. Was a non-executive director of SSE plc until July 2014. Since 2009, has had a board portfolio in companies in the energy and critical infrastructure sectors.
Subramanian Sarma, Managing Director, Onshore Engineering & Construction
Subramanian joined Petrofac as a project manager and has held various positions since then including Executive Vice President, Projects and Deputy Chief Operating Officer of Petrofac International.

As Managing Director of Onshore Engineering & Construction within ECOM, Subramanian is responsible for all our onshore EPC projects worldwide, which are delivered predominantly under lump-sum turnkey commercial models, and a workforce of around 7,800.

Prior to joining Petrofac, Subramanian worked for Kvaerner and Jacobs in India and Oman and has more than 30 years’ experience in the oil and gas industry.

He holds an MSc in Chemical Engineering from the Indian Institute of Technology.
Yves Inbona, Managing Director, Offshore Capital Projects
Yves joined Petrofac as the Managing Director of our Offshore Capital Projects business within ECOM, which focuses on the offshore engineering, procurement, installation and commissioning (EPIC) market.

Yves has extensive expertise in the offshore sector, having more than 30 years of industry experience. During his time as Chief Operating Officer of Saipem SpA, Yves managed the offshore business, which was the most profitable of all Saipem’s business units.

He speaks seven languages and is a graduate engineer from École Centrale de Paris.
Craig Muir , Managing Director, Engineering & Consulting Services
Craig joined Petrofac as Managing Director of Engineering & Consulting Services within ECOM. His responsibilities include the effective management and execution of Petrofac’s engineering service centres in Woking, India, Malaysia, Indonesia, Houston, Algeria and Nigeria as well as our subsidiary business, Plant Asset Management.

Craig previously held the position of executive vice president within growth regions covering the Middle East, Africa and CIS for AMEC, based in Abu Dhabi. Key focus was in the growth of engineering services and Project Management Contracts.

Prior to joining AMEC, he also held numerous roles working in the oilfield service sector including those with KBR, Brown & Root and AOC International. He has previously worked in the North Sea, extensively in the Middle East, and in Asia Pacific.
Rob Jewkes , Chief Operating Officer, Integrated Energy Services
Joined Petrofac to build a Europebased engineering services business in Woking, UK, which now forms part of Petrofac’s Engineering & Consulting Services business. In 2009, he was appointed MD of Developments within the IES division, with responsibility for leveraging our engineering and project management capability through Risk Service Contracts and Equity Upstream Investments. In January 2014, Rob assumed the role of Chief Operating Officer, IES, with full responsibility for the IES business portfolio.

In 2009, Rob was appointed Managing Director of Developments within the IES division and is responsible for leveraging our engineering and project management capability through Risk Service Contracts and Equity investments to lead the development of our customers’ upstream assets and energy infrastructure assets, with ongoing projects in Malaysia, Tunisia and the UKCS.

Rob has more than 35 years of experience in the oil and gas industry. Prior to joining Petrofac, he served as chief executive officer of Clough Engineering, the main operating company of the Australian engineering group, Clough Limited.

Rob holds a degree in Civil Engineering from the University of Western Australia.
Gordon East, Managing Director, Production Solutions
Gordon leads the Production Solutions service line within IES, although he initially joined Petrofac as Managing Director of Petrofac Facilities Management (now Offshore Projects & Operations).

Within Production Solutions, Gordon is responsible for developing and managing the Group’s portfolio of Production Enhancement Contracts including four projects in Mexico, and the Ticleni Field in Romania.

Prior to joining Petrofac, Gordon spent more than 20 years with ConocoPhillips in various leadership and management roles throughout the upstream business worldwide. He has also held non-executive roles in the DTI and Cabinet Office.
Gordon has an MA in Engineering from Cambridge University and an MSc in Petroleum Engineering from Imperial College, London.
Richard Milne, Group Director, Commercial
He oversees specific key complex projects, managing the financial and risk implications and reviewing the achievements of commercial goals. He also oversees client relationships, aiming to ensure compliance with, and successful delivery of, profitable projects. He participates in the Group’s risk review process and advises on corporate matters in addition to significant commercial issues.
Cathy McNulty, Group Director of Human Resources
As Group HR Director, she has overall responsibility for advising on all people aspects of the business. This includes creating the people strategy to support the Company in achieving its strategic ambitions, focusing on succession planning, talent management, leadership development, key hires, creating a performance culture, compensation and benefits and employee engagement. She partners with the business leaders to build the strengths and capabilities we need to meet the ever changing demands of our markets and environments.
Mary Hitchon, Group Director of Legal, Secretarial and Compliance Services
Joining Petrofac shortly after IPO, she had responsibility for the Group’s governance and listing rule compliance framework. Over the last ten years she has built a company secretarial department and developed processes and procedures commensurate with a listed entity. She was appointed as Group Director of Legal, Secretarial and Compliance Services in January 2015 and now has responsibility for all key aspects of legal, regulatory and governance compliance across the Group.

News & Analysis