Petrofac announced that TenneT has terminated its scope of work on the 2GW programme, prompting the company to reassess its restructuring plans, which were at an advanced stage.
The company is actively engaging with key creditors and stakeholders to explore alternative options while continuing to focus on client service and operational capability.
The termination and restructuring challenges may impact Petrofac’s operations and market positioning, and further updates will be provided in due course.
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