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Petrofac files for administration

Tuesday, October 28 2025

General – Appointment Administrators

Energy services firm Petrofac has filed for administration.

The company, which employs about 2,000 people in Scotland, said its North Sea business would continue to operate as normal.

In a statement, Petrofac said it had applied to appoint administrators for its holding company, but that alternative restructuring options were being explored.

It added that administrators would work to preserve value, operational capability and ongoing delivery.

The decision comes after Dutch grid operator TenneT terminated a major offshore wind contract with Petrofac, scuppering a planned financial restructuring.

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  4. Petrofac expands role with bp in West Africa

Filed Under: International projects, Petrofac Tagged With: Petrofac, tennet

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