Petrofac has a big presence in the North Sea
PETROFAC boss Ayman Asfari enjoyed a 16% rise in his total pay to $2.25m in 2018, from $1.95m the preceding year, the oil services giant’s annual report shows. Mr Asfari’s base salary rose to $0.9m, from $0.84m. His bonus increased to $1.25m from $1m.
Chief financial officer Alastair Cochran’s total pay rose to $1.53m from $1.33m.
Petrofac, which is a big employer in Scotland, took a $95m hit to profits last year after suffering reverses on the Greater Stella field development project in the North Sea.
Net profits fell 2% annually, to $353m.
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