Petrofac’s revenue boosted by 25%

Petrofac’s income was boosted by a quarter, according to their report for the first six months of 2011. The oil and gas facilities provider’s revenue was up 25.2% to $2,711 […]

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By Vicky Ellis

Petrofac’s income was boosted by a quarter, according to their report for the first six months of 2011. The oil and gas facilities provider’s revenue was up 25.2% to $2,711 million.

Ayman Asfari, Petrofac’s group chief executive said: “We have had a successful year to date, with good operational performance across our portfolio of projects.” He highlighted “encouraging progress” for the group’s latest strategy, which aims to more than double its recurring 2010 earnings by 2015.

Petrofac operates in the UK Continental Shelf, Middle East, Africa and Asia.