Petrofac, the international oil & gas facilities service provider,
issues the following pre-close trading update ahead of the
announcement of its interim results for the six months ending 30 June
2006, expected to be on 18 September 2006.

The Board is pleased to be able to report that the Group’s strong
operational performance, highlighted in the recent AGM trading
statement, has continued and, with oil & gas markets continuing to
support strong demand for our services, the outlook for the rest of
the financial year is viewed with increasing confidence. It is
therefore anticipated that, in the absence of unforeseen
circumstances, the Group’s net profit for 2006 will significantly
exceed the Board’s previous expectations.

During the first six months of 2006, order intake across the Group
amounted to, in aggregate, approximately $1.0 billion. As at 30 June
2006, total backlog was approximately $3.4 billion.