Petrofac SWOT Analysis
Here is a detailed SWOT analysis of Petrofac covering strengths, weaknesses, opportunities and threats.
Petrofac Strengths
- Highly diversified company with operations in more than 29 countries
- Strong cash flows
- Engineering and construction segment of company doing excellent in new markets
- Services & products offered for petroleum and natural gas exploration and production
- New streamlined organizational structure simpler for customer to understand
- High emphasis on safety and social responsibility
Above are the strengths in the SWOT Analysis of Petrofac. The strengths of Petrofac looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Petrofac Weaknesses
- Financial performance may be affected by very small number of large contracts
- Contracts on Lump-sum basis
These were the weaknesses in the Petrofac SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Petrofac Opportunities
- Increasing fuel/oil prices
- Increasing natural gas market globally
- More oil well discoveries
- Opportunities in new markets like Turkmenistan Iraq
Above we covered the opportunities in Petrofac SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Petrofac Threats
- Government regulations pressurizing operations
- High Competition from existing oil services companies globally
- Risks of counter parts defaulting
- Economic instability and fluctuations worldwide
The threats in the SWOT Analysis of Petrofac are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the Petrofac SWOT analysis.
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About Petrofac
The table below gives the brand overview along with its target market, segmentation, positioning & USP
|
Petrofac | |
| Parent Company |
Petrofac International Ltd. |
|---|---|
| Category |
Oil Services and Equipment |
| Sector | |
| Tagline/ Slogan |
We’re one of the world's leading oilfield service companies, constantly evolving, innovating and creating value for our stakeholders |
| USP |
Strong player in developing markets |
| Petrofac STP | |
| Segmentation |
Corporates, countries looking to fulfill energy services needs |
| Target Market |
Companies involved in petroleum and natural gas exploration |
| Positioning |
Leading service provider to oil and gas companies internationally |
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