Petrofac Scoops $500M Worth of Contracts So Far in 2025

Tuesday, April 1, 2025
(Credit: Petrofac)

Oilfield services provider Petrofac, through its Asset Solutions division, has been awarded a collection of scope expansions and new contracts in the first quarter of 2025, totaling $500 million.

The awards – which realize growth in Asset Solutions’ core markets and target growth geographies, including the U.K., Europe, Middle East, Africa, Asia Pacific and U.S. – span late-life asset management, decommissioning and integrated services.

“Following a strong year for awards in 2024, our Asset Solutions business has had a great start to 2025 with half a billion dollars’ worth of scopes and contract expansions secured already, and a strong pipeline of opportunities across a range of geographies during the remainder of the year.

“These awards, with a range of clients, demonstrate the strength in our mature asset management and decommissioning offering, and form part of our strategy to expand our services into selected new geographies. We look forward to continuing this trajectory throughout the remainder of 2025 and beyond,” said John Pearson, Petrofac’s Chief Operating Officer.

Categories: Subsea Industry News Activity North America Oil and Gas

Related Stories

Subsea7 Secures Subsea Job for FPSO off West Africa

Subsea7 Secures Subsea Job for FPSO off West Africa

TotalEnergies Signs Long-Term LNG Export Deal from Canadian Project

TotalEnergies Signs Long-Term LNG Export Deal from Canadian Project

SLB Launches New Well Completions Tech to Boost Production

SLB Launches New Well Completions Tech to Boost Production

Current News

Cold Spray Technology: Parts Production Faster, Cheaper.

Navantia Seanergies Delivers Second Substation Jacket for French OW Farm

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

EU: 44 Oil and Gas Firms Asked to Provide CO2 Storage Solutions

Subscribe for OE Digital E‑News

Offshore Engineer Magazine