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: South America FPSO Floating Production Legal Finance Deepwater Offshore

Related Stories

RWE, Trump Reach $1.22b agreement to Cancel Offshore Wind Leases

SBM Offshore Lifts 2026 Outlook After Revenue Surge

Noble Equips Ultra Deepwater Drillship with New Well Control Tech

Current News

SLB, Equinor to Upgrade Vessel Under Multi-Year Well Stimulation Deal

ExxonMobil Enlists McDermott JV for Rovuma LNG Pre-FID Work

ConocoPhillips Hires Noble Corporation’s Jack-Up for Ekofisk P&A Work

ConocoPhillips Announces CEO Succession and CFO Appointment

Subscribe for OE Digital E‑News