Petrofac Ltd (GB:PFC) has released an update.
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Petrofac Ltd has secured a $350 million contract to provide technical services for the National Oil Company of Equatorial Guinea, GEPetrol, over a five-year period. This deal will involve Petrofac in the operations of the Block B asset, involving both onshore and offshore activities, and is part of the company’s strategic expansion in Africa. The collaboration aims to build energy independence and sustainable growth in Equatorial Guinea by leveraging the local workforce and Petrofac’s global expertise.
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