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    PFC   GB00B0H2K534

PETROFAC LIMITED

(PFC)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/21 11:37:43 am
136.1 GBX   -2.86%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

N. Sea oil worker strike set to disrupt Ninian crude stream Nov.5-Dec.4

10/21/2021 | 08:32am EST

LONDON (Reuters) -About 100 workers on platforms linked to the North Sea Ninian crude oil field, which feeds into the global Brent benchmark, are set for a strike between Nov. 5 and Dec. 4 over a wage dispute, the Unite union said on Thursday.

"If we have to take strike action, then I would expect this to have a major impact on production from the Ninian field," Unite representative John Boland told Reuters in an email.

The workers set to strike are employed on the Ninian Central, Ninian South and Tiffany platforms, the union said.

The Ninian crude stream feeds into the blend of Brent, Forties, Oseberg, Ekofisk and Troll (BFOET) North Sea crudes that underpins the Brent benchmark.

The BFOET grades are due to load 820,000 bpd in November. The Brent stream is due to load three cargoes in November, which translates into around 60,000 barrels per day (bpd). [O/LOAD]

The Ninian and Tiffany fields produce around 13,000 bpd, according to data from the Oil and Gas Authority.

(Reporting by Shadia Nasralla; editing by Edmund Blair and Jason Neely)


ę Reuters 2021
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Financials (USD)
Sales 2021 3 258 M - -
Net income 2021 48,8 M - -
Net Debt 2021 178 M - -
P/E ratio 2021 12,6x
Yield 2021 -
Capitalization 941 M 942 M -
EV / Sales 2021 0,34x
EV / Sales 2022 0,40x
Nbr of Employees 10 645
Free-Float 81,2%
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Technical analysis trends PETROFAC LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 1,84 $
Average target price 2,42 $
Spread / Average Target 31,6%
EPS Revisions
Managers and Directors
Sami Monir Amin Iskander Chief Executive Officer & Executive Director
Afonso Reis E Sousa i Chief Financial Officer & Executive Director
RenÚ MÚdori Non-Executive Chairman
Tarek Massoud Chief Compliance Officer
Matthias F. Bichsel Senior Independent Non-Executive Director
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