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Petrofac Ltd

Common Name
Petrofac
Country
United Kingdom
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
8,600
Ticker
PFC
Exchange
LONDON STOCK EXCHANGE
Description
Petrofac Ltd. is a leading provider of oilfield services to the international oil and gas industry, offering an extensive range of services across the lifecycle of oil and gas assets. The company's co...

Petrofac's GHG Emissions Data Preview

In 2024, Petrofac completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Petrofac has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
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a
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind Petrofac’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Petrofac’s data sources below and access millions more through our Disclosure Search.

a. Petrofac's Sustainability Data Spreadsheet 2024
a. Petrofac's Sustainability Data Spreadsheet 2024
b. Petrofac's ESG Data Spreadsheet 2023
b. Petrofac's ESG Data Spreadsheet 2023

Insights into Petrofac's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofPetrofac amounted to167,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Petrofacdecreased by 2.91%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Petrofac's Scope 1 Emissions Over Time

201920202021202220232024065 k130 k195 k260 ktCO2e+8%-25%+2%-13%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Petrofac's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Petrofac were 162,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Petrofac reduced its Scope 1 emissions over time?

Since 2019, Petrofac's Scope 1 emissions have decreased by 29.87%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Petrofac's Scope 1 emissions decreased by 2.99%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Petrofac's Scope 2 emissions?

In 2024, Petrofac reported Scope 2 greenhouse gas (GHG) emissions of 5,000 tCOâ‚‚e without specifying the calculation method.a

Has Petrofac reduced its Scope 2 emissions over time?

Since 2019, Petrofac's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 58.33%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Petrofac's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Petrofac's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Petrofac use for Scope 2 reporting?

In 2024, Petrofac reported its Scope 2 emissions using an unspecified methodology.a

Petrofac's Scope 2 Emissions Over Time

20192020202120222023202403 k6 k9 k12 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Petrofac’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Petrofac reported Scope 1 greenhouse gas (GHG) emissions of 167,000 tCOâ‚‚e and total revenues of USD 2,496 millions. This translates into an emissions intensity of 66.91 tCOâ‚‚e per millions USD.a

Petrofac's Scope 1 Emissions Intensity Compared to Peers

1002,00050,000500,00010,000,000Scope 1 Emissions (tCO2e)502002,00010,000100,000Revenues (Millions of USD)HVSRCPTechnipFMCYear: 2024Scope 1: 260,348 tCO2eRevenue: $M 9,083Scope 1 Intensity: 28.66 tCO2e/$MValarisYear: 2024Scope 1: 766,180 tCO2eRevenue: $M 2,363Scope 1 Intensity: 324.30 tCO2e/$MHHHuntingYear: 2024Scope 1: 3,630 tCO2eRevenue: $M 780Scope 1 Intensity: 4.66 tCO2e/$MTidewaterYear: 2024Scope 1: 1,129,008 tCO2eRevenue: $M 1,346Scope 1 Intensity: 838.89 tCO2e/$MYinson Holdings BerhadYear: 2024Scope 1: 43,487 tCO2eRevenue: $M 1,707Scope 1 Intensity: 25.47 tCO2e/$MJerehYear: 2024Scope 1: 25,142 tCO2eRevenue: $M 1,830Scope 1 Intensity: 13.74 tCO2e/$MVVViridienYear: 2024Scope 1: 2,165 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.08 tCO2e/$MArchrockYear: 2024Scope 1: 19,797 tCO2eRevenue: $M 1,158Scope 1 Intensity: 17.10 tCO2e/$MSSSolaris Energy InfrastructureYear: 2020Scope 1: 2,094 tCO2eRevenue: $M 103Scope 1 Intensity: 20.33 tCO2e/$MChina Oilfield ServicesYear: 2024Scope 1: 1,110,250 tCO2eRevenue: $M 6,618Scope 1 Intensity: 167.75 tCO2e/$MFugroYear: 2024Scope 1: 210,000 tCO2eRevenue: $M 2,368Scope 1 Intensity: 88.69 tCO2e/$MSubsea 7Year: 2024Scope 1: 748,000 tCO2eRevenue: $M 6,837Scope 1 Intensity: 109.40 tCO2e/$MGaztransport et TechnigazYear: 2024Scope 1: 323 tCO2eRevenue: $M 667Scope 1 Intensity: 0.48 tCO2e/$MMRC GlobalYear: 2024Scope 1: 14,564 tCO2eRevenue: $M 3,011Scope 1 Intensity: 4.84 tCO2e/$MSBOYear: 2023Scope 1: 4,041 tCO2eRevenue: $M 648Scope 1 Intensity: 6.23 tCO2e/$MNovYear: 2024Scope 1: 135,554 tCO2eRevenue: $M 8,870Scope 1 Intensity: 15.28 tCO2e/$MHalliburtonYear: 2024Scope 1: 3,022,264 tCO2eRevenue: $M 22,944Scope 1 Intensity: 131.72 tCO2e/$MRRReach SubseaYear: 2024Scope 1: 46,768 tCO2eRevenue: $M 240Scope 1 Intensity: 195.17 tCO2e/$MCCCNOOC Energy Technology & ServicesYear: 2024Scope 1: 50,662 tCO2eRevenue: $M 7,196Scope 1 Intensity: 7.04 tCO2e/$MExtreme NetworksYear: 2024Scope 1: 2,511 tCO2eRevenue: $M 1,117Scope 1 Intensity: 2.25 tCO2e/$MKodiak Gas ServicesYear: 2024Scope 1: 30,445 tCO2eRevenue: $M 1,159Scope 1 Intensity: 26.26 tCO2e/$MSlbYear: 2024Scope 1: 990,000 tCO2eRevenue: $M 36,289Scope 1 Intensity: 27.28 tCO2e/$MTenarisYear: 2024Scope 1: 2,000,000 tCO2eRevenue: $M 10,717Scope 1 Intensity: 186.62 tCO2e/$MTGSYear: 2024Scope 1: 256,330 tCO2eRevenue: $M 12,995Scope 1 Intensity: 19.73 tCO2e/$MOceaneering InternationalYear: 2024Scope 1: 30,928 tCO2eRevenue: $M 2,661Scope 1 Intensity: 11.62 tCO2e/$MPPPetrofacYear: 2023Scope 1: 167,000 tCO2eRevenue: $M 2,496Scope 1 Intensity: 66.91 tCO2e/$M

How does Petrofac's GHG emissions intensity compare to its peers?

In 2023, Petrofac reported a Scope 1 emissions intensity of 66.91 tCOâ‚‚e per millions USD. Compared to the peer group median of 20.33, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Petrofac rank on GHG emissions intensity within its industry?

In 2023, Petrofac ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Petrofac is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

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