Petrofac Limited (PFC.L)

22.00 +8.86 (+67.43%) At close: 04:46PM BST

Petrofac Limited

26 New Street
Saint Helier JE2 3RA
Jersey

https://www.petrofac.com

Sector(s): Energy
Industry: Oil & Gas Equipment & Services
Full-time employees: 8,600

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Tareq F. Kawash	Group Chief Executive & Director	1.69M	N/A	1968
Mr. Afonso Reis E. Sousa	CFO, Executive Director, Group Treasurer & Head of Tax	751.52k	N/A	N/A
Mr. Roberto Bertocco	Group Director of Technical Functions	N/A	N/A	N/A
James Boothroyd	Head of Investor Relations	N/A	N/A	N/A
Mr. Tarek Massoud	Chief Compliance Officer	N/A	N/A	N/A
Ms. Sandra Faye Redding	Group General Counsel	N/A	N/A	1977
Ms. Sophie Reid	Group Director of Communications	N/A	N/A	N/A
Mr. Des Thurlby	Group Director of Human Resources	N/A	N/A	1965
Mr. Paolo Bigi	Regional Managing Director of Engineering & Construction	N/A	N/A	N/A
Mr. Elie Lahoud	Chief Operating Officer of Engineering & Construction	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in GBp.

Description

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES). The E&C segment provides onshore and offshore engineering, procurement, construction, installation, and commissioning services. The Asset Solutions segment offers concept, feasibility, and front-end engineering design services, as well as manages and maintains onshore and offshore operations. The IES segment focuses on delivering value from the existing asset portfolio. The company was founded in 1981 and is based in Saint Helier, Jersey.

Corporate governance

Petrofac Limited’s ISS governance QualityScore as of 1 July 2024 is 8. The pillar scores are Audit: 10; Board: 9; Shareholder rights: 8; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.