What is Petrofac's asset solutions business?

Petrofac's asset solutions business focuses on providing services to maintain and enhance the operational performance of oil and gas assets.

Why are Petrofac's creditors meeting?

Petrofac's creditors are meeting to vote on a proposal to compromise their claims, which is necessary for the company to sell its asset solutions business.

When will Petrofac creditors vote on the asset sale?

The creditors are scheduled to meet and vote on the proposal later this month, relative to January 15, 2026.

Home / Business and Economy / Petrofac Creditors to Vote on Asset Sale Compromise

Petrofac Creditors to Vote on Asset Sale Compromise

15 Jan

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Summary

Creditors will vote this month on compromising claims.
The vote is crucial for the sale of the asset solutions business.
Petrofac is a British oilfield services provider.

Petrofac Creditors to Vote on Asset Sale Compromise

Petrofac, a prominent British oilfield services provider, has informed stakeholders that a significant creditor meeting is slated for later this month. During this meeting, creditors will cast votes on a pivotal proposal.

The proposal necessitates that creditors agree to compromise certain claims they hold against the company. This agreement is a critical condition precedent to finalizing the sale of Petrofac's asset solutions business unit.

The outcome of this vote is anticipated to directly influence the future trajectory of Petrofac's operations and its corporate structure, particularly concerning the disposition of its asset solutions division.

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