Saipem units are under investigation in Brazil for irregularities in Petrobras contracts

Saipem told the Brazilian court that it is confident that there was no wrongdoing in the award of these contracts.

Italian oil services group Saipem said Brazilian authorities had filed lawsuits over alleged irregularities by two of its businesses in awarding a contract in 2011.

Saipem, which is controlled by oil company Eni and Italy's Cassa Depositi e Prestiti, said its French and Brazilian subsidiaries were notified on Thursday that authorities had initiated administrative proceedings.
The case revolves around a 56 million euro ($62 million) contract awarded by Petrobras for the installation of an underwater gas pipeline connecting the Lula and Cernambi fields, in Santos, in southern Brazil.
Saipem said it was confident there was no wrongdoing in awarding the contract and said its units would cooperate in the process. ($1 = 0,8981 euros). Reuters

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