
Petrofac’s board said today that chief executive Ayman Asfari would resume “full executive duties” at the UK energy service giant.
The London-headquartered firm also confirmed plans to exit the deep-water market and said a “re-assessment of production profiles” at the Greater Stella Area (GSA) had led to it booking a hefty impairment.
Petrofac said the restrictions imposed on Mr Asfari in May were no longer appropriate.

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