Source - Alliance News

Petrofac Ltd - Jersey-based services provider to the energy industry - Wins a $236 million decommissioning contract from the Australian government. Petrofac has been contracted to complete phase one of the decommissioning of the Northern Endeavour floating production, storage and offtake facility in the Timor sea. Disconnection of the FPSO is expected to occur over approximately 18 months.

Current stock price: 108.56 pence, up 4.2%

12-month change: up 25%

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