Petrofac and Bowleven team up to develop Cameroonian asset

FTSE 100 oilfield services giant Petrofac has entered into a 'strategic alliance' with AIM-listed oil and gas group Bowlevento develop the latter's Etinde Permit, offshore Cameroon, which will see Petrofac invest up to half a billion dollars.

FTSE 100 oilfield services giant Petrofac has entered into a 'strategic alliance' with AIM-listed oil and gas group Bowlevento develop the latter's Etinde Permit, offshore Cameroon, which will see Petrofac invest up to half a billion dollars.

Petrofac will provide engineering capability to Euroil, a subsidiary of Bowleven, to support the delivery of a Field Development Plan (FDP) for the proposed first phase of development, the companies announced on Tuesday.

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