Further to its announcement on 27 October 2025, Petrofac (“Petrofac” or “the Group”) provides the following update.
As previously announced, Petrofac’s Executive Management is working alongside administrators of the Group’s ultimate holding company, Petrofac Limited (in administration), to preserve value, operational capability and ongoing delivery across the Group’s operating and trading entities. This includes M&A solutions with respect to Petrofac’s main operating divisions.
Petrofac International Limited (“PIL”), a subsidiary of Petrofac Limited (in administration), will shortly make an application to the Royal Court of Jersey seeking a letter of request under section 426 of the Insolvency Act 1986. The…