Petrofac Ltd (OTCPK:POFCF)

$ 0.1516 0 (0%) Market Cap: 80.47 Mil Enterprise Value: 826.47 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 46/100

Half Year 2020 Petrofac Ltd Pre-Close Trading Statement Call Transcript

Jun 24, 2020 / 07:00AM GMT

Release Date Price: $2.27

Transcript

Operator

Welcome to the Petrofac trading update analyst call. (Operator Instructions) Just to remind you, this conference call is being recorded.

Today I'm pleased to present Alastair Cochran. Please begin your meeting.

Alastair Cochran

Petrofac Limited - CFO

Good morning, everyone, and thank you for joining our regular pre-close trading update call. I will make some brief comments on our statement before opening the line for questions.

2020 is being defined by the dual shock from the COVID-19 pandemic and the collapse in oil prices, which is having a material impact on economic growth in the regions we operate in. And consequently, the demand for services from our industry. Our immediate priority was to protect both the health and well-being of our people, suppliers, and community. Our other priority was to take swift and decisive action to protect the long-term health of our business.

It is thanks to the hard work and dedication of our people that we have continued to deliver our projects and operations safely while also delivering

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