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Seadrill: Sevan Bribery Causes Headache And Potential Exposure
2015-10-19 12:42:49| Oil & Gas - Topix.net
SDRL appears to be at peace with Petrobras, and while embarrassing, the Company was not culpable and will likely only have to disgorge illegal profits . On October 16, Sevan Drilling, an underwater drilling company 50.1% owned by Seadrill , issued a press release announcing it had been accused of breaches in the Norwegian Criminal Code "in respect of payments made in connection with the performance during 2012 to 2015 of drilling contracts originally awarded by Petrobrasto Sevan Marine ASA in the period between 2005-2008".
Tags: potential
exposure
headache
bribery
Category:Energy and Environment