It aint over29 Apr 2024 07:49
Tareq Kawash, Group Chief Executive, said: “Operational activity continues as expected and our teams are delivering well in the initial phases of the contracts awarded in 2023. On the Thai Oil Clean Fuels contract, we are working closely with our client and partners to accelerate delivery of this complex project and conclude negotiations on the reimbursement of costs. While the commercial negotiations will only conclude after our full year reporting cycle, we are making progress.“Petrofac has a large order book of high-quality projects, strong market positions and compelling future opportunities which are evident from the recently announced awards. We are working to put the performance guarantees and the right capital structure in place, in order to deliver on this potential.”