Petrofac

Petrofac's journey began in 1981 in Tyler, Texas, where it was established as a producer of modular plants. The company was co-founded by Ayman Asfari and Maroun Semaan, who later merged their venture, AMcorp, with Petrofac Inc to form Petrofac International. This merger marked the beginning of Petrofac's expansion into a global service provider for the oil and gas industry.

In 2005, Petrofac took a significant step by listing on the London Stock Exchange, which provided the company with the capital needed to expand its operations and services. This move was pivotal in establishing Petrofac as a major player in the energy sector.

Throughout its history, Petrofac has been involved in several key projects and partnerships. Notably, in 2010, the company acquired a 20 percent share in the Gateway storage scheme, an undersea cavern for gas storage, showcasing its commitment to innovative energy solutions.

Petrofac's growth continued with strategic partnerships, such as the 2013 joint venture with Italian oil firm Bonatti and Sonatrach, valued at $650 million, to develop new facilities in the Alrar gas field. These collaborations have been crucial in extending the life of significant energy resources.

Today, Petrofac stands as a testament to strategic growth and adaptation in the ever-evolving energy industry, driven by its founders' vision and the company's ability to navigate and capitalize on opportunities in the global market.