[arista]

SkyNewsHD business reporter,
confirmed

They hope another company will but them.


A Reflection of Ed Miliband mess


[More than 2,000 Scotland-based jobs
are at risk as oil and energy services
group Petrofac has applied
for administration.
The group's operations will continue
to trade, and options for restructuring
of the company and a possible merger
or acquisition are being actively
explored with its key creditors,
the company said on Monday.

People close to the company say they
are hopeful a buyer can be found swiftly
for its North Sea operations,
with one suggesting that it could even
happen in the coming days.]

https://news.sky.com/story/more-than...ation-13458614