Odebrecht May Return This Year to Participate in Petrobras Bids

Written by Renato Oliveira

Published on 14/06/2019 at 09:06

Odebrecht e Petrobras juntas novamente

Seja o primeiro a reagir!

New Compliance And Governance Measures From Odebrecht Will Be Presented To Petrobras And What Is Expected Is The Return Of The Company To Bidding Still This Year

Odebrecht Changed Its Brand, Now Called Odebrecht Engineering & Construction (OEC) And May Be Starting To Turn The Tide For The Odebrecht Group. After So Many Bad News, It Seems That The Storm Affecting The Group Is Beginning To Cease.
The Company Plans To Present To A Group From Petrobras The New Compliance And Governance Measures That Are Being Adopted In The Conglomerate’s Companies.

Things Started To Get Complicated For Odebrecht When Investigations From The Lava Jato Operation Pointed To Corruptions In The Company’s Contracts, Involving Even International Contracts In Mexico And Peru.

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In 2016, The Company Signed A Leniency Agreement And Since Then Has Been Strengthening Its Compliance And Governance Systems Aligned With The Current Public Commitment Made By The Group, Including A Change In Its Board Of Directors.

What To Do To Convince Petrobras

However, The OEC Does Not Have Much Time To Try To Convince Petrobras That The Changes It Has Adopted Have Already Had Effects.

Petrobras’ Bids Are Already Underway And The Target For Odebrecht Will Be The Ones Happening Now In The Second Half Of This Year, But It Is With The Acquisition Of These Contracts That The OEC Now Hopes To Get Out Of The Difficult Situation Affecting The Entire Group.

The Revitalization Of OEC, However, Does Not Exclude The Possibility Of The Odebrecht Holding Entering Judicial Recovery.
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Odebrecht May Return This Year to Participate in Petrobras Bids

New Compliance And Governance Measures From Odebrecht Will Be Presented To Petrobras And What Is Expected Is The Return Of The Company To Bidding Still This Year

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

What To Do To Convince Petrobras

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