Date: Friday 21 Oct 2011
Petrofac is going back into exploration in the North Sea for the first time since it spun off EnQuest in March last year. It is selling an 80% stake in a floating production facility already there to Ithaca Energy and its partner, the Dutch oil company Dyas, in exchange for a 20% stake in three licences operated by Ithaca. Petrofac shares are off 18% since their May peak. The shares sell on 13.5 times this year’s earnings; buy for the long term, says the Times.
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| Currency | UK Pounds |
| Share Price | 34.75p |
| Change Today | 0.000p |
| % Change | 0.00 % |
| 52 Week High | 37.25 |
| 52 Week Low | 31.50 |
| Volume | 0 |
| Shares Issued | 45.19m |
| Market Cap | £15.70m |
| RiskGrade | 68 |
| Value |
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| Income | ![]() |
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| No dividends found |
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