Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/news/petrofac-terminates-construction-vessel-building-c.shtml

Petrofac terminates construction vessel building contract with ZPMC

Petrofac says that due to issues with ZPMC’s performance in respect of the construction of the proprietary design Petrofac JSD 6000 deepwater multi-purpose

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Petrofac says that due to issues with ZPMC’s performance in respect of the construction of the proprietary design Petrofac JSD 6000 deepwater multi-purpose offshore vessel, Petrofac has terminated its contract with ZPMC.

Ayman Asfari, Group Chief Executive, said: “It is regrettable that it has become necessary for us to take this decision, and the Board is now reviewing its options.”

Tags: Petrofac