Petrofac slumps to loss as revenues wane on Covid-19 demand destruction

UK oilfield services giant in the red but focused on building up orderbook and delivering cost savings

Ayman Asfari: Petrofac chief executive — Ayman Asfari: Petrofac chief executivePhoto: REUTERS/SCANPIX

Eoin O'Cinneide

London

Published 11 August 2020, 06:36Updated 11 August 2020, 07:00

Europe Western Europe