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Petrofac Training Services Announces New Vice President for Europe and the Americas

HOUSTON, TX -- (Marketwired) -- 07/24/14 -- Petrofac Training Services (PTS), part of Petrofac Group (LSE: PFC), the international service provider to the oil and gas industry, announced the hiring of Pedro Vergel as vice president of Western Hemisphere for Petrofac Training.

Vergel, who has a background in drilling and subsurface, joins PTS with more than 30 years of client-side expertise and knowledge, gained predominantly during a 29-year career at Schlumberger. There he undertook a number of global multidisciplinary roles, based in Houston, Brazil, Moscow and other international locations.

"I'm delighted to be joining Petrofac in a role where I can bring my global experience and understanding of the client perspective in order to continue strengthening PTS' position as the go-to provider for training and capability enhancement and further growing the PTS global offer," Vergel said. "I look forward to working with Paul and the team to realize the latent potential of PTS."

Vergel is a qualified mechanical and petroleum engineer and MBA graduate from the University of Chicago, Booth School of Business. He joins PTS from Argentina-based integrated oil and gas company YPF SA, where he managed the company's drilling activities. Additionally, as a senior consultant at EnerMTB Consulting, he advised major venture capital organizations and oil and gas majors on global portfolio expansion.

In this newly created role, Vergel will be responsible for PTS operations in Europe and the Americas as the company re-aligns its global structure to a regional model. This model will focus on further growing market share and integrated growth of product and service lines, and will also have special focus on developing new and existing talent and capabilities. These strategies will support the further growth of PTS in Europe and the Americas. All current PTS operations in Europe and the Americas, including the Competency Solutions, ERCM, SFHS and Technical Training, will report to Vergel.

"I am delighted that we have appointed Pedro, whose international expertise and deep knowledge from the client side, coupled with his visionary approach to market expansion, will be a valuable insight as we seek to further grow and tailor our training offer across key target geographies," said Paul Groves, managing director of PTS.

In his new role, Vergel will be based in PTS' Houston offices.

About Petrofac

Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse customer portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its customers' needs across the full life cycle of oil and gas assets.

With more than 18,000 employees, Petrofac operates out of seven strategically located operational centers, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

For additional information, please refer to the Petrofac website at www.petrofac.com

About Petrofac Training Services

Petrofac Training Services (PTS) is a division of the Petrofac Group. Founded in 1983, PTS is a leading provider of onshore and offshore safety, survival and emergency response training. To deliver these services, PTS draws upon experienced professionals and its global network of state-of-the-art training facilities. It is headquartered in Aberdeen, Scotland.

For further information contact:

Claire Jackson
Fifth Ring
[email protected]
281-404-4325

Alison Flynn
Head of Media Relations
Petrofac
[email protected]
+44 (0) 20 7811 4913

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