June 26, 2018 / 6:25 AM / 5 months ago

Petrofac reports 6 pct rise in new order intake

June 26 (Reuters) - Oilfield services firm Petrofac Ltd on Tuesday reported a 5.9 percent increase in new order intake and said it was trading in line with expectations, helped by higher demand.

The company said the new order intake stood at $1.8 billion since the start of 2018, compared to the $1.7 billion reported last year.

“We are well-positioned on several bids and tendering activity remains high with around $20 billion of bid opportunities due for award in the second half of the year,” said Chief Executive Officer Ayman Asfari. (Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)

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