Petrofac bullish on growth prospects

Oil services firm Petrofac said yesterday it was confident of delivering profit growth of at least 15 per cent in 2011, after strong performances from projects in Iraq. The group’s order book stood at $11.4bn at the end of the half. The group also said chief financial officer Keith Roberts will retire at the end of the year, and be replaced by Cable & Wireless Worldwide CFO Tim Weller.