Petrobras Receives $149 Mln from SBM in Leniency Deal

(File photo: SBM Offshore)
(File photo: SBM Offshore)

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)

Current News

Oilfield Firm SLB's Profit Rises on International Drilling Demand

Oilfield Firm SLB's Profit Ris

Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

Malampaya Gas Field Exceeds Ex

Petrobras and BP Deepen Partnership

Petrobras and BP Deepen Partne

Subsea7 Wraps Up Pipeline Replacement Work Offshore Brunei

Subsea7 Wraps Up Pipeline Repl

Subscribe for OE Digital E‑News

Offshore Engineer Magazine