proactiveinvestors.co.uk · Oct 27, 2025
Petrofac applies for administration following collapse of restructuring plan
Petrofac Limited (LSE:PFC), the Aberdeen-based energy services company, has filed to appoint administrators to its parent company after a major offshore wind contract cancellation derailed its financial restructuring. The move follows Dutch grid operator TenneT's decision to end a key 2 GW project, which Petrofac said rendered its recovery plan “no longer deliverable.


