Add-on Acquisition • Energy Services and Equipment

Petrofac and Perenco Energies International Acquire Petrofac - Integrated Energy Services Operations

On January 1, 1981, Petrofac and Perenco Energies International acquired energy services and equipment company Petrofac - Integrated Energy Services Operations

Acquisition Context
  • This is Petrofac’s 1st and Perenco Energies International’s 1st transaction in the Energy Services and Equipment sector.
  • This is Petrofac’s 1st and Perenco Energies International’s 1st transaction in Mexico.

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M&A Deal Summary

Date January 1, 1981
Target Petrofac - Integrated Energy Services Operations
Sector Energy Services and Equipment
Buyer(s) Petrofac
Perenco Energies International
Deal Type Add-on Acquisition

Target Company

Petrofac - Integrated Energy Services Operations

Mexico
Petrofac's Integrated Energy Services (IES) Operations includes Santuario, Magallanes, and Arenque provides an integrated service for clients under flexible commercial models that are aligned with their requirements. These range from Production Enhancement Contracts (PECs) and traditional equity upstream investment models including both Production Sharing Contracts (PSCs) and concession agreements. Its projects cover upstream developments both greenfield and brownfield and related energy infrastructure projects.
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Buyers Overview 2

Buyer

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 Context for Buyer #
Overall 1 of 9
Sector: Energy Services and Equipment 1 of 5
Type: Add-on Acquisition 1 of 5
Country: Mexico 1 of 1
Year: 1981 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-17 SPD Group

Aberdeen, United Kingdom

SPD offers well project management, well engineering, and consultancy services. SPD manages well operations in Africa, Europe and the Middle East as well as supporting the operations of national and international oil companies in the Middle East, Europe and Africa.

Buy -
Buyer

Perenco Energies International

London, United Kingdom

Category Company
Founded 1992
Sector Oil/Gas Exploration
DESCRIPTION

Perenco is an independent oil & gas company with a committed team of more than 6000 people operates both onshore and offshore, in 13 countries across the globe, from Northern Europe to Africa and South America to Southeast Asia. Perenco was formed in 1992 and is based in London.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Mexico 1 of 1
Year: 1981 1 of 1