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The Independent UK

Business

Henry Saker-Clark

Thousands of jobs at risk as Petrofac files for administration

Petrofac United Kingdom British Petroleum Shell Oil DESNZ Aberdeen North Sea United States

Offshore workers have previously walked out in a pay dispute with Petrofac (PA) - (PA Wire)

Oil and gas services firm Petrofac has entered administration, jeopardising approximately 2,000 Scottish jobs.

The company's insolvency follows the collapse of restructuring plans, triggered by a failed renewables contract in the Netherlands. Petrofac informed investors on Monday of its application to the High Court for administrators.

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