Petrofac
Petrofac Limited is a British provider of oilfield services to the international oil and gas industry. It is registered in Jersey (number 81792), with its main corporate office on Jermyn Street, London. It has operational centres in Aberdeen, Sharjah, Woking, Chennai, Mumbai, Delhi, Abu Dhabi, Saudi Arabia and Kuala Lumpur. There are another 24 offices in various countries. The company is listed on the London Stock Exchange. History. The company was established as a producer of a modular plant in Tyler, Texas, United States in 1981. It was first listed on the London Stock Exchange in 2005. In 2010 , it bought a 20 percent share in the Gateway storage scheme, an undersea cavern for gas storage. In November 2013, Petrofac and the Italian oil firm Bonatti partnered on a $650 million joint venture contract for Sonatrach, adding to the firm’s already significant presence in Algeria. In November 2014, the company issued a profit warning, saying that profit for 2015 would fall by 25%, as slowing demand in China and abundant US output cut the oil price. In January 2021, a former Global Head of Sales at Petrofac Ltd., which serves the British energy industry, pleaded guilty to  charges related to bribery. The UK Serious Fraud Office confirmed that David Lufkin offered and paid around $30 million to win United Arab Emirates contracts for Petrofac, worth approximately $3.3 billion, between 2012 and 2018. The guilty plea included 11 other charges of bribery, where Lufkin made corrupt offers to influence contract awards of more than $3.5 billion in Saudi Arabia, and over $730 million in Iraq. In October 2021 Petrofac was fined £77m for seven charges of failing to prevent bribery in the Middle East. Services. Petrofac is organised into three divisions: Petrofac