Revolving Credit Facility Extended

Press Release

30 May 2017

REVOLVING CREDIT FACILITY EXTENDED

Petrofac and its lenders have agreed to extend US$1.0 billion of its US$1.2 billion revolving credit facility from 2 June 2020 to 2 June 2021, following an extension request issued by Petrofac on 2 May 2017. The remaining US$200 million will mature on 2 June 2020.

Ends

For further information contact:

Petrofac Limited

+44 (0) 207 811 4900

Jonathan Low, Head of Investor Relations

jonathan.low@petrofac.com

Jonathan Edwards, Investor Relations Manager

jonathan.edwards@petrofac.com 

Alison Flynn, Group Head of Communications

alison.flynn@petrofac.com 

+44 (0) 207 811 4913

Tulchan Communications Group

+44 (0) 207 353 4200

petrofac@tulchangroup.com

Martin Robinson

Stephen Malthouse

LEI 2138004624W8CKCSJ177

NOTES TO EDITORS

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016. 

Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its clients' needs across the full life cycle of oil and gas assets.

With around 13,500 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

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