Company Profile For Petrofac Ltd

Petrofac Limited is an international provider of facilities solutions to the oil and gas production and processing industry. Petrofac Limited is the holding company for the international group of Petrofac subsidiaries. The Company operates in three business segments: Engineering and Construction, Operations Services and Energy Developments. Engineering and Construction provides conceptual design, front-end engineering design, and engineering, procurement and construction of oil and gas plant and associated infrastructure. Operations Services operates in two business streams: Petrofac Facilities Management, which provides operational support, and Petrofac Training, which provides training for customers’ personnel. Energy Developments provide a platform through which the Company invests alongside its partners to develop upstream and energy infrastructure projects. On July 25, 2008, the Company acquired Eclipse Petroleum Technology Limited. On August 29, 2008, it acquired Caltec Limited.

BRIEF: For the six months ended 30 June 2009, Petrofac Limited's revenues increased 1% to $1.59B. Net income increased 20% to $145.6M. Revenues reflect an increase in income from Engineering & Construction and Energy Development segments. Net income also reflects an increase in gross margins, a decrease in selling, general & administrative expenses, an increase in other income and a decrease in finance costs.