Petrobras e Ensco entram em acordo relativo a sonda de perfuração DS-5

Petrobras and Ensco Reach Agreement Regarding DS-5 Drilling Rig

Written by Paulo Nogueira

Published on 16/08/2018 at 11:16

Updated on 18/08/2018 at 18:38

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Contract Between the Two Oil Companies Is Related to Judicial Drilling Services That Were Disputed, Neither Will Bear Compensation

“Petrobras and Ensco announce today that they have agreed to settle all claims related to the ENSCO DS-5 drilling services contract”, said Ensco. In January 2016, Petrobras canceled a drilling contract with Ensco for the drillship DS-5, due to allegations of corruption. The drillship was contracted by Petrobras from Pride International, a company that Ensco acquired in 2011.

In its cancellation notice in January 2016, Petrobras alleged irregularities regarding the hiring of the drillship DS-5 before Ensco’s acquisition in 2011.

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The alleged irregularities supposedly involved a former outsourced marketing consultant of Pride to provide services in connection with the DS-5 drilling services contract.

At the time, Ensco stated that there was no evidence that “Pride, the Company, or any current or former employees were aware of or involved in any irregularities”.

Petrobras alleged that Pride was aware that the shipbuilder of the DS-5 made improper payments to the former outsourced marketing consultant who shared the improper payments with former Petrobras employees and that Pride may have assisted or facilitated those improper payments.

In a statement released on Thursday, Ensco said that the terms of the contract were confidential, adding that “no payment will be made by either party in connection with this agreement”.

It added: “The parties also agreed to normalize business relations. As a result, the agreement provides for Ensco’s participation in Petrobras’ current and future auctions on the same basis as all other companies invited to these auctions.”

Regarding the driller behind the now-resolved dispute, Bassoe Analytics data shows that the equipment has been cold-stacked in Spain.

Petrobras and Ensco Reach Agreement Regarding DS-5 Drilling Rig

Contract Between the Two Oil Companies Is Related to Judicial Drilling Services That Were Disputed, Neither Will Bear Compensation

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

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