possible reason22 Mar 2016 16:29
Petrofac are in .. A busy weekend for Mr Fortson as he discloses in the same paper that Ayman Asfari, CEO of Petrofac (PFC) has taken, through a private vehicle, a 10% stake in Gulfsands Petroleum (GPX).Last week I wrote that GPX had rather a lot on its plate and that waiting for the Syrian acreage to come good may take some time. I stand by that still - but if there is anyone in the oil industry who knows what's going on in Syria, it is Mr Asfari…A full take over is not out of the question and a lot of money will be spent on infrastructure so Petrofac are uniquely placed for this or a takeover at this very low level.