Petrobras Receives $149 Mln from SBM in Leniency Deal

Monday, October 22, 2018

Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.

As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.


($1 = 3.6866 reais)

(Reporting by Alexandra Alper; editing by Jonathan Oatis)

Categories: Legal Offshore Finance Deepwater FPSO South America Floating Production

Related Stories

ABL Expands Maritime Consultancy Services to New Zealand

LR and SHI Join Forces for Green Ammonia FPSO System

DOF Lands IMR Vessel and Subsea Services Contract in Asia Pacific

Current News

Danos Leaders Recognized in “40 Under 40” Lists

ExxonMobil to Drill for Gas Off Cyprus in January

Mocean Energy Raising Funds to Advance Wave Energy Tech

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Subscribe for OE Digital E‑News