The collapse of Petrofac, once a £6 billion (approximately $7.3 billion) giant in the energy sector, has shaken the United Kingdom's offshore industry and put more than 2,000 jobs at risk. Can the company be saved?
Petrofac is a British-based company that provides services to the global energy industry, specialising in oil, gas, and renewable energy projects. Founded in 1981, the company designs, builds, operates, and maintains energy infrastructure such as offshore platforms and processing plants. It has worked with major international clients on engineering, procurement, and construction projects. Headquartered in London, Petrofac has operations across the Middle East, North Sea, and Asia.
