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

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

Dec 16, 2014 9:00 am | Trading update

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

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

Aug 26, 2014 9:00 am | Half year results announcement

Jun 24, 2014 9:00 am | Trading update

May 23, 2014 9:00 am | Final dividend payment

Feb 26, 2014 9:00 am | 2013 full year results announcement

Feb 24, 2014 9:00 am | Nigeria Oil & Gas

Dec 31, 2013 9:00 am | 2013 financial year end

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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.
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.
Andy Inglis, Chief Executive, Integrated Energy Services
Andy joined Petrofac in January 2011 having spent 30 years with BP, latterly as CEO of its exploration and production business. He was an executive director on the BP plc board between 2007 and 2010.

Andy started his BP career as a project engineer on various North Sea projects, followed by commercial and operating roles in BP’s upstream business. He became executive vice president and deputy chief executive of BP exploration & production in 2004.

He is a former non-executive director of BAE Systems plc.
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.
Bill Dunnett, Managing Director, Offshore Projects & Operations
Bill has over 26 years’ experience in the oil and gas industry and now leads the Offshore Projects & Operations service line within ECOM, which focuses on brownfield projects and operations and maintenance services worldwide.

Bill joined Petrofac initially in the Developments business where he had responsibility for asset development and production, including the Don fields in the UKCS and the Chergui field in Tunisia.

Prior to joining Petrofac, Bill spent eight years at Halliburton and its subsidiary KBR, as a senior vice president and corporate officer. His responsibilities included membership of the KBR Executive Leadership Team, Global Operations and Maintenance. Bill spent his earlier career with Mobil North Sea and Shell. He is a chartered engineer and graduated with a first in Engineering from Heriot Watt University, Edinburgh.
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.
Paul Groves , Managing Director, Training Services
As Managing Director of Petrofac’s Training Services business, Paul has overall responsibility for developing and running the Group’s global training, competence consultancy and assurance activities as part of the IES division.

Paul previously worked with Shell from 2001, where he held a number of business development-led roles within the organisation.

A Chartered Engineer and Scientist, Paul started his career as a lecturer of physics at Oxford University before moving into a number of management and development roles in organisations such as Alcan Aluminum Limited and British Gas/BG PLC.
Rob Jewkes , Managing Director, Developments
Rob joined Petrofac to build a Europe-based engineering services business in Woking, UK, which now forms part of Petrofac’s Engineering & Consulting Services business.

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.
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.
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.

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