UK: Petrofac Appoints Andy Inglis as Chief Executive of Energy Developments and Production Solutions

Petrofac, the international oil & gas facilities service provider, announces that Andy Inglis has joined the company as Chief Executive of its Energy Developments and Production Solutions businesses. Following a familiarisation period, he will join the Board of Petrofac in March and will re-locate to London on a permanent basis in April.

Andy Inglis (51) was previously Chief Executive of BP’s Exploration & Production business and served on the board of BP plc between 2007 and 2010.

Drawing on the extensive capabilities of the wider group, which include engineering, operations, training, well management and specialist petro-technical consulting businesses, Petrofac, through its Energy Developments and Production Solutions units, seeks to provide a fully integrated service for resource holders with flexible commercial models that are aligned to specific customer requirements. Projects cover upstream developments, both greenfield and brownfield, and related energy infrastructure investments, and can include the provision of capital.

Ayman Asfari, group chief executive, said: “I am delighted to welcome Andy to Petrofac. Andy is a proven business leader who has a strong technical background and 30 years of global industry experience, a number of which have been spent in Petrofac’s core geographies in North Africa, the Middle East, the Caspian and Asia. He shares our vision as to how the provision of integrated services to resource holders can create significant growth for Petrofac. I look forward to working with Andy over the coming years to deliver on our ambitious strategy in this area and to create significant value for our customers and our shareholders.”

Andy Inglis, chief executive of Energy Developments and Production Solutions, said: “I am excited to be joining Petrofac at this important stage in its development. Petrofac is leading a change in our industry and has identified a distinctive opportunity to provide a highly differentiated offering to resource holders. I look forward to being able to work with Ayman and the Petrofac team to fully capitalise on the significant opportunities we see in the market.”

In addition to his position on the board of BP, Inglis was a non-executive director of BAE Systems plc from 2007 to 2010 and a director of TNK-BP Limited from 2008 to 2010. In accordance with Listing Rule 9.6.15 it is confirmed that there are no further details to be disclosed pursuant to Listing Rule 9.6.13.

Source:Petrofac, January 5, 2011;

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