Petrofac on track for full year

British oil services firm Petrofac said it was on track to post annual profit in line with market expectations and is confident of meeting its longer term growth target, buoyed by the strong pipeline of opportunities it is seeing. Petrofac, which designs and builds oil and gas infrastructure and invests alongside producers in oil fields, yesterday said it expected to post net profit growth of at least 15 per cent in 2011.