Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetrofac Regulatory News (PFC)

Share Price Information for Petrofac (PFC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 27.42
Bid: 27.34
Ask: 27.80
Change: 0.00 (0.00%)
Spread: 0.46 (1.683%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 27.42
PFC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Petrofac Limited: GAZPROM AND PETROFAC CREATE STRATEGIC PARTNERSHIP

7 Oct 2021 15:17

Petrofac Limited ( PFC) Petrofac Limited: GAZPROM AND PETROFAC CREATE STRATEGIC PARTNERSHIP 07-Oct-2021 / 15:16 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


Press Release

 

 

7 October 2021

 

GAZPROM AND PETROFAC CREATE STRATEGIC PARTNERSHIP

 

Gazprom and Petrofac have today signed a strategic partnership through Gazprom's INTI - Russian Institute Oil/Gas Technology Initiatives to export and promote the ambition, quality, and standards of the Russian energy industry domestically and internationally.

 

Under a five-year Memorandum of Cooperation (MOC), signed by Mr Vitaly Anatolevich Markelov, Deputy Chairman Management, and Member of the Board of Gazprom, and Petrofac Group Chief Executive Sami Iskander, the parties will collaborate to drive industry standardisation and sustainable development, as Russia's energy sector seeks to encourage industry participation by international companies in its drive to expand at home and abroad.

 

Initially Petrofac will support the defining and developing pre-qualification and qualification criteria for local suppliers and local manufacturers, assessing conformation with industry standards, and developing use of local manufacturers' products in existing and future projects within the Russian Federation and OPEC+ countries.

 

Petrofac aims to build its credentials as a Russian EPC champion, engaging the strength and capabilities of Russia's supply chain, technology providers, and energy institutions to deliver both inside Russia and the wider region.

 

Mr Iskander said: "Delivering locally to global standards is key to Petrofac's strategy and unlocks in-country value for all stakeholders, wherever we operate. Russia is a hugely exciting growth market that's aligned to our core capabilities. We are proud to leverage our expertise in procurement and local operations to develop, champion, and support Russian engineering capacity, contractors, technologies and tools in support of the industry's future development."

 

Russia comprises a large market opportunity for Petrofac. Petrofac has been in the country since 1993, with offices in Moscow and Sakhalin Island, where we have been present since 2006 through our Sakhalin Technical Training Centre, which has trained 23,000+ delegates in the last five years. We extended our presence on the island in 2017 when we were awarded a contract by Sakhalin Energy for its onshore processing facility.

 

ENDS

 

 

 

 

For further information contact:

 

 

Petrofac Limited 

+44 (0) 207 811 4900

 

Jonathan Yarr, Head of Investor Relations

jonathan.yarr@petrofac.com

 

 

Tulchan Communications Group

+44 (0) 207 353 4200

petrofac@tulchangroup.com

 

Martin Robinson

 

 

 

NOTES TO EDITORS

Petrofac

 

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.

 

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values - driven, agile, respectful and open - are at the heart of everything we do.

 

Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, South East Asia and the United States. We have 9,400 employees based across 31 offices globally.

 

Petrofac is quoted on the London Stock Exchange (symbol: PFC).

 

For additional information, please refer to the Petrofac website at www.petrofac.com

 


ISIN:GB00B0H2K534
Category Code:MSCM
TIDM: PFC
LEI Code:2138004624W8CKCSJ177
OAM Categories: 2.2. Inside information
Sequence No.:123857
EQS News ID:1239214
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
13th Mar 20247:00 amEQSPetrofac Limited: Block Listing of Shares
8th Mar 20247:00 amEQSPetrofac Limited: Contract Award
5th Mar 20247:09 amEQSPetrofac Limited: Update on review of strategic and financial options
10th Jan 20242:57 pmEQSPetrofac Limited: Major shareholding notifications
3rd Jan 20242:37 pmEQSPetrofac Limited: Director/PDMR shareholding
20th Dec 20237:05 amEQSPetrofac Limited: PETROFAC AND HITACHI ENERGY ANNOUNCE SECOND PROJECT IN SUPPORT OF TENNET’S 2GW PROGRAMME
20th Dec 20237:00 amEQSPetrofac Limited: Trading Update
4th Dec 20237:00 amEQSPetrofac Limited: Petrofac makes Board appointment and provides business update
3rd Oct 20233:21 pmEQSPetrofac Limited: Director/PDMR shareholding
3rd Oct 20237:00 amEQSPetrofac Limited: ADNOC Gas awards Petrofac contract for landmark carbon capture, utilisation and storage project
19th Sep 20239:01 amEQSPetrofac Limited: Director/PDMR shareholding
1st Sep 20238:49 amEQSPetrofac Limited: Block Listing Six Monthly Return
10th Aug 20237:00 amEQSPetrofac Limited: Results for the six months ended 30 June 2023
31st Jul 20238:42 amEQSPetrofac Limited: Holding in Company
4th Jul 20232:06 pmEQSPetrofac Limited: Director/PDMR shareholding
30th Jun 202311:54 amEQSPetrofac Limited: Reports on Payments to Governments for the year ended 31 December 2022.
30th Jun 20237:00 amEQSPetrofac Limited: ADNOC AWARDS PETROFAC US$700 MILLION EPC PROJECT
27th Jun 20237:00 amEQSPetrofac Limited: Trading Update
23rd Jun 20231:30 pmEQSPetrofac Limited: RESULTS OF ANNUAL GENERAL MEETING
12th Jun 20237:01 amEQSPetrofac Limited: Petrofac confirms signing of US$1.5 billion EPC contract in Algeria
23rd May 20239:40 amEQSPetrofac Limited: Publication of 2022 Annual Report and Notice of the 2023 AGM
18th May 20237:00 amEQSPetrofac Limited: Petrofac led JV selected for US$1.5 billion EPC project in Algeria
4th May 202312:13 pmEQSPetrofac Limited: Director/PDMR shareholding
28th Apr 20232:05 pmEQSPetrofac Limited: Petrofac secures new EPC contract as it continues to support Lithuanian refinery upgrade
27th Apr 20232:52 pmEQSPetrofac Limited: Director/PDMR shareholding
27th Apr 20237:00 amEQSPetrofac Limited: RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022
21st Apr 20237:00 amEQSPetrofac Limited: EXTENSION OF BANK FACILITIES
12th Apr 20237:00 amEQSPetrofac Limited: Trading update
5th Apr 20232:06 pmEQSPetrofac Limited: Director/PDMR Shareholding
3rd Apr 20238:00 amEQSPetrofac Limited: Board change confirmation
30th Mar 20237:00 amEQSPetrofac Limited: PETROFAC AND HITACHI ENERGY SECURE FRAMEWORK WORTH APPROXIMATELY 13 BILLION EUROS
8th Mar 202310:15 amEQSPetrofac Limited: Holding in Company
3rd Mar 202312:20 pmEQSPetrofac Limited: Holding in Company
2nd Mar 202311:15 amEQSPetrofac Limited: Holding in Company
1st Mar 20237:00 amEQSPetrofac Limited: Block Listing of Shares
28th Feb 20239:30 amEQSPetrofac Limited: FULL YEAR 2022 RESULTS DATE
24th Feb 202311:56 amEQSPetrofac Limited: Holding in Company
23rd Feb 202312:30 pmEQSPetrofac Limited: Holding in Company
10th Feb 202310:15 amEQSPetrofac Limited: Holding in Company
10th Feb 20239:33 amEQSPetrofac Limited: Holding in Company
10th Feb 20239:16 amEQSPetrofac Limited: Holding in Company
10th Feb 20238:34 amEQSPetrofac Limited: Holding in Company
8th Feb 20233:55 pmEQSPetrofac Limited: Holding in Company
8th Feb 20232:56 pmEQSPetrofac Limited: Holding in Company
23rd Jan 20232:15 pmEQSPetrofac Limited: Holding in Company
23rd Jan 20231:16 pmEQSPetrofac Limited: Holding in Company
19th Jan 202310:36 amEQSPetrofac Limited: Holding in Company
19th Jan 20239:36 amEQSPetrofac Limited: Holding in Company
17th Jan 20234:32 pmEQSPetrofac Limited: Holding in Company
17th Jan 20233:32 pmEQSPetrofac Limited: Holding in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.