Rights Group Calls on French Prosecutors to Probe SBM Offshore

Dagmarah Mackos and Sarah Morland
Tuesday, March 22, 2022

Rights group Sherpa has called on French prosecutors to open an investigation into alleged corruption related to the activities of Dutch oil and gas services firm SBM Offshore, it said in a statement on Monday.

Sherpa said it had filed a request on Friday asking France's National Financial Prosecutor's Office (PNF) to open an investigation into alleged "corruption, money laundering and concealment of stolen goods in relation to the activities of extractive industry giant SBM Offshore."

SBM Offshore declined to comment. A spokesperson for the PNF could not confirm receipt of Sherpa's request, but said it could take three or four days for the authority to receive it.

SBM Offshore has spent millions of dollars settling corruption investigations overseas, including in Brazil where it faced charges of paying bribes to win contracts with state oil firm Petrobras.

Its stock closed up 2.1% in Amsterdam, at 14.5 euros, after briefly dropping 4% following Sherpa's announcement.

(Reuters - Reporting by Dagmarah Mackos and Sarah Morland / Editing by Mark Potter


Categories: Energy Industry News Activity Europe Floating Production People & Company News

Related Stories

Norway's Top Court Invalidates Three Offshore Oilfield Approvals

Vår Energi Taps SLB for Drilling Services on Two Rigs off Norway

Odfjell Drilling Seals Three-Year Rig Deal with Vår Energi

Current News

Nova Scotia, Massachusetts Explore Joint Offshore Wind Power Developments

Seaway7 Starts Cable Installation at Ørsted’s Hornsea 3 Wind Farm

Scotland-England Subsea Power Link Secures Marine License

Norway's Top Court Invalidates Three Offshore Oilfield Approvals

Subscribe for OE Digital E‑News