By Jaime Llinares Taboada

Petrofac Ltd. said Tuesday that it has secured a contract with PTT Exploration & Production PCL to decommission two subsea wells in northwest Australia.

The London-listed company, which provides services to the energy industry, said this is its first well project-management contract awarded in Australia. The company didn't disclose the monetary value of the deal.

Shares at 0824 GMT were up 1.20 pence, or 1.0%, at 119.95 pence.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

February 09, 2021 03:43 ET (08:43 GMT)

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