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Petrofac ( (GB:PFC) ) has provided an announcement.
Petrofac Limited is progressing towards a binding agreement with SAMSUNG E&A and Saipem concerning claims related to the Thai Oil project, as part of its ongoing restructuring efforts. The company aims to complete the restructuring by the end of November 2025, exploring multiple routes that may not retain residual value for existing shareholders. The final implementation path will depend on inputs from funding parties and key creditors.
The most recent analyst rating on (GB:PFC) stock is a Hold with a £0.20 price target. To see the full list of analyst forecasts on Petrofac stock, see the GB:PFC Stock Forecast page.
More about Petrofac
Petrofac is a leading international service provider to the energy industry, specializing in designing, building, managing, and maintaining oil, gas, refining, petrochemicals, and renewable energy infrastructure. The company operates primarily in the Middle East, North Africa, and the UK North Sea, with additional operations in India, South East Asia, and the United States. Petrofac is listed on the London Stock Exchange, although trading is currently suspended.
Average Trading Volume: 31,706,900
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.59M
Learn more about PFC stock on TipRanks’ Stock Analysis page.