Statement on UK Serious Fraud Office announcement

Source: www.gulfoilandgas.com 1/15/2021, Location: Europe

The Serious Fraud Office has announced that a former employee of a Petrofac subsidiary has admitted additional charges under the UK Bribery Act 2010. These charges relate to three historic contract awards in the UAE in 2013 and 2014.

Petrofac confirms that no charges have been brought against any Group company or any other officers or employees. A small number of former Petrofac employees are alleged to have acted together with the individual concerned, although none have been charged. No current Board member of Petrofac Limited is alleged to have been involved.

Petrofac's management is committed to operating at the highest standards of ethical business practice. Petrofac continues to engage with the SFO and will respond to any further developments as appropriate.


France >>  7/30/2021 - CGG S.A. (“CGG”) and Topicus.com Inc. (“Topicus”) (TOI) announced that CGG has entered into an agreement with Topicus and Vela Software (“Vela”), for...
Poland >>  7/27/2021 - KBR, Inc. has been awarded technology licensing contracts by PKN ORLEN (PKN) for KBR's leading Solvent Deasphalting (SDA) and Residue Fluid Catalytic ...

Switzerland >>  7/26/2021 - - Transaction creates a leading manufacturer of highly engineered, performance-critical bearings and motion control components
- Transaction exp...

Norway >>  7/13/2021 - Halliburton Company (HAL) announced that it is expanding its digital collaboration with Aker BP, a Norwegian oil and gas exploration and production co...

Norway >>  7/9/2021 - Aker Solutions has secured a substantial contract from Aker BP to provide a subsea production system for the Kobra East & Gekko (KEG) field developme...
Norway >>  7/9/2021 - Subsea 7 S.A. (SUBCY) announced the award of a sizeable contract by Aker BP for the Kobra East Gekko (KEG) field development, located in the Alvheim ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.