Introduction Petrofac, a UK-based international service provider to the oil and gas industry, has recently been thrust into the spotlight as it faces the looming prospect of administration. This development highlights the vulnerabilities within the sector, especially amid global economic uncertainties and fluctuating energy demands. As companies face increased scrutiny and operational challenges, understanding the
Introduction Petrofac, a leading provider of oilfield services to the international oil and gas industry, is currently undergoing a significant restructuring process. This is crucial not only for the company’s sustainability but also for the broader sector, which faces ongoing challenges due to fluctuating oil prices and the push towards a greener economy. The restructuring