Petrofac in North Sea for long haul – finance chief

Petrofac will still be operating in the North Sea for decades to come, the international energy service giant’s chief financial officer said yesterday.

Tim Weller said the firm shared the rest of the oil and gas industry’s confidence in the future of the UK sector after new research predicted production in the region would increase in the coming years.

He said Petrofac’s work as lead contractor for Total’s new £500million gas-processing plant in Shetland was evidence of the company’s commitment to the UK continental shelf.

For the full story, pick up a copy of today’s Press and Journal or read our digital edition now