Top 5 Independent Oil and Gas Companies in the World

4. Petrofac 

2022 Revenue: $3.1 billion

Petrofac Ltd is an oilfield services company incorporated in London, United Kingdom, with its operations expanding over UAE, India, Saudi Arabia, and Malaysia. Petrofac is an integrated company and its functions include the construction and operation of upstream oil and gas infrastructure and facilities for its clients. During the past year, its annual revenue decreased by 25.1%.

Even though the Petrofac faced a challenging year, with a loss of $100 million, its CEO is optimistic about the company’s performance in 2023. Petrofac is expected to be awarded project contracts worth $68 billion before the end of the current year. The maximum production capacity of Petrofac is 1.5 million barrels of crude oil per day.