M&A Deal Summary

3T Energy Acquires Petrofac - UK Training Business

On February 18, 2021, 3T Energy acquired energy services and equipment company Petrofac - UK Training Business from Petrofac

Acquisition Highlights
  • This is 3T Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is 3T Energy’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-02-18
Target Petrofac - UK Training Business
Sector Energy Services and Equipment
Buyer(s) 3T Energy
Sellers(s) Petrofac
Deal Type Divestiture

Target

Petrofac - UK Training Business

United Kingdom
Petrofac Ltd's UK Training Business provides training services related to Survival and Marine, Health and Safety, Fire, and Major Emergency Management capability and facilities.

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Buyer(S) 1

Buyer

3T Energy

Bournemouth, United Kingdom

Category Company
Founded 2018
Sector Energy Services and Equipment
DESCRIPTION

3T Energy harness the power of technology to transform training and enhance performance, enabling the people and companies in the global energy sector to work safer, smarter, and more efficiently. 3T Energy was founded in 2018 and is based in Bournemouth, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Survivex

Aberdeen, United Kingdom

Survivex Ltd. is a provider of safety-related services including offshore survival training, firefighting and emergency response training, industrial skills training, onboard training, offshore crane training and assessment, major emergency management (MEM), training management service (TMS), medical services, and first aid training to the international oil and gas industry.

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Seller(S) 1

SELLER

Petrofac

Jersey, Channel Islands

Category Company
Founded 1981
Sector Energy Services and Equipment
Employees8,600
Revenue 2.5B USD (2023)
DESCRIPTION

Petrofac is a global provider of total facilities solutions for the oil & gas industry. Petrofac was founded in 1981 and is based in St Helier, Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-26 PetroFirst Infrastructure

PetroFirst Infrastructure Limited is an exclusively sourced partnership with Petrofac, one of the world’s leading energy services companies. The company owns two contracted floating production and storage facilities and one contracted mobile offshore production unit, all located offshore Southeast Asia.

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