Petrofac boosted by higher oil prices and production volumes

Petrofac boosted as higher oil prices and production volumes lead to recovery in FTSE 250 energy services group’s revenues

  • Petrofac expects to produce over 500,000 barrels per day of oil in the first half
  • This compares to just 210,000 daily barrels in the equivalent period in 2021
  • CEO Sami Iskander: ‘We have made good progress in the first half of the year’

Energy services group Petrofac his trading in line with guidance, following a strong rebound in the price and production of oil.

The London-listed company expects to generate more than 500,000 barrels per day of…

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