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Evening Standard
Evening Standard
Craig Paton

Thousands of jobs saved as Petrofac set to be purchased

The deal was announced on Christmas Eve (Jane Barlow/PA) - (PA Archive)

Thousands of jobs in the North Sea are safe as part of energy services firm Petrofac looks set to be bought.

American company CB&I announced on Christmas Eve that it had entered into an agreement to acquire the firm’s asset solutions business, transferring 3,000 members of staff to its own payroll when the deal goes through, expected in the first quarter of 2026.

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