Petrofac set for 25% profits rise after glut of deal wins

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The firm, which designs and builds oil and gas infrastructure and carries out safety training, said it had signed up work worth $6 billion (£3.7 billion) over the year.

It now expects 2009 profit after tax to hit at least $330 million, and said it expects to have an order book worth $7.8 billion at the end of December, almost double the $4 billion of work it reported at the end of 2008.

Petrofac said much of the work stemmed from its engineering and construction division, including two big new contracts to work on a North Sea project with BP and Apache.

Chief executive Ayman Asfari said: "Our competitive offering helped us secure new contracts in the Middle East, North Africa and the North Sea. The backlog gives us excellent revenue visibility for next year and beyond."