Saipem Barred from Public Contracts in Brazil for 2 Years

(File photo: Saipem)
(File photo: Saipem)

The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday.

The decision stems from the final ruling in the administrative proceedings initiated against the companies in relation to alleged irregularities in the award of a gas pipeline contract in 2011.

The sanction has no impact on ongoing projects in Brazil, Saipem said, adding it would appeal the decision.

In November, the Italian company said it had won two offshore contracts in Brazil and Guyana worth around $1.9 billion in total.


(Reuters - Reporting by Francesca Landini, editing by Alvise Armellini)

Current News

ExxonMobil to Drill for Gas Off Cyprus in January

ExxonMobil to Drill for Gas Of

Mocean Energy Raising Funds to Advance Wave Energy Tech

Mocean Energy Raising Funds to

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Seadrill’s Drillships Getting

New Alliance Targets CTV Deliveries for Japanese Offshore Market

New Alliance Targets CTV Deliv

Subscribe for OE Digital E‑News

Offshore Engineer Magazine