Petrofac Terminates Shipbuilding Contract with ZPMC
Post date: 09.10.2015 , Views: 362
zoom London-based oilfield services provider Petrofac has terminated its contract with Chinas Shanghai Zhenhua Heavy Industries Co. (ZPMC) for the construction of a deepwater multi-purpose offshore vessel. Petrofac says that the contract for the construction of Petrofac JSD 6000 was cancelled due to issues with ZPMC’s performance. Ayman Asfari, Petrofacs Chief Executive, said: “It is regrettable that it has become necessary for us to take this decision, and the Board is now reviewing its options.” Petrofac ordered the vessel back in 2014, and the vessel was expected to be delivered in 2017.