Petrofac Limited Faces Restructuring Delays

Petrofac Limited has encountered new challenges in its ongoing restructuring process. Initially announced on 17 October 2025, the company had been working toward finalizing a Lock Up Agreement. However, recent changes concerning certain stakeholders have disrupted the timeline and feasibility of this plan.

The company is now engaged in urgent discussions to address these unexpected developments. Petrofac has committed to providing further updates as more information becomes available. Until then, stakeholders await clarity on the revised schedule and terms.

Petrofac remains a significant player in the global energy industry, with operations spanning oil, gas, and renewable energy sectors. Despite the restructuring hurdles, the company continues to emphasize its commitment to client needs and market demands.