Petrofac rises after $200 mln contract win in Turkmenistan

Petrofac

08/03/2024 08:40

** Shares in Petrofac  PFC.L  rise nearly 10% to 25.7p, atop
FTSE small-cap index  .FTSC  
    ** The UK oilfield services provider wins three-year
contract, valued at over $200 mln from Turkmenistan's
state-owned Turkemengas 
    ** Operations contract for GalkynyshGas Field for personnel
to supervise, support ops and maintenance activity; technical
support, procurement services and more 
    ** Petrofac stock on track to log best day of gains since
Jan 25, if trend holds 
    ** Shares lost about 47% in 2023