Petrofac share price plummets after admitting it cannot make bond payment

Contractor admits payment problem and delays filing annual report, as noteholders make credit offer and upstream asset sale in Malaysia progresses

Tareq Kawash, Petrofac new chief executive.
Tareq Kawash, Petrofac new chief executive.Photo: PETROFAC
Published 29 April 2024, 13:15Updated 29 April 2024, 13:15