Business strategy

Petrofac aims to generate sustainable growth in value for its shareholders by leveraging its core competencies, being the ability to engineer, build and operate oil & gas infrastructure, and the ability to create and deliver value-adding investments.

Petrofac aims to achieve this goal by:

  • Leveraging customer relationships by providing a range of services across the life cycle of an asset
  • Generating predictable, long-term returns from a diversified portfolio of investments, leveraging the group's service capabilities in order to understand and manage better the risks involved
  • Focusing on regions with major hydrocarbon reserves where significant capital and operational expenditures are expected
  • Expanding its established service offering into new countries and regions
  • Assisting customers in achieving their local content goals by accessing in-country resources and improving the competence and technical skills of local workforces
  • Improving revenue and earnings stability through a diversified and complementary business model
  • Attracting and retaining specialists and key personnel
  • Maintaining and improving on high safety standards
  • Identifying, acquiring, integrating and developing complementary businesses where appropriate