CB&I has acquired Petrofac, a leading international service provider to the energy industry, for an undisclosed amount. This corporate acquisition sees CB&I take ownership of Petrofac, which is known for its comprehensive services across the energy infrastructure lifecycle. Petrofac, publicly quoted on the London Stock Exchange, brings a significant global footprint and specialized expertise to the acquiring entity.
Petrofac designs, builds, manages, and maintains critical infrastructure for oil, gas, refining, petrochemicals, and renewable energy sectors. With 8,200 employees operating from over 30 offices worldwide, the company serves a diverse portfolio of the world’s leading energy companies. Its core markets include the Middle East and North Africa (MENA) region and the UK North Sea, complemented by operations in India, South East Asia, and the United States. Petrofac’s track record emphasizes safe, reliable, and innovative execution, underpinned by a cost-effective and local delivery model.
The acquisition is strategically aimed at expanding CB&I’s capabilities and market presence within the evolving global energy landscape. Petrofac’s established expertise in delivering complex energy projects and its strong client relationships are expected to significantly enhance the acquiring company’s service offerings. The integration of Petrofac’s specialized skills in both traditional and renewable energy infrastructure aligns with the broader industry shift towards meeting diverse energy needs.
This transaction is anticipated to create a more robust and diversified entity, combining Petrofac’s operational strengths and geographic reach with CB&I’s existing portfolio. The combined organization is poised to offer an expanded suite of services, strengthening its position as a comprehensive partner for energy companies worldwide and better addressing future demands in the global energy sector.