Petrofac terminates contract with ZPMC
Petrofac has terminated its contract with ZPMC.
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Petrofac Ltd.
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The oil and gas service provider announced the decision on Friday after performance issues over the construction of its deepwater multi-purpose offshore vessel.
Chief executive Ayman Asfari said the board is reviewing its options.
"It is regrettable that it has become necessary for us to take this decision.”