Petrofac Cancels Contract for New Build Pipelay Vessel
Friday 9 October 2015
Petrofac, the international service provider to the oil and gas industry, announces that due to issues with ZPMC's performance in respect of the construction of the proprietary design Petrofac JSD 6000 deepwater multi-purpose offshore vessel, Petrofac has terminated its contract with ZPMC.
Ayman Asfari, Group Chief Executive, said: "It is regrettable that it has become necessary for us to take this decision, and the Board is now reviewing its options."