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Saipem Units Under Investigation in Brazil for Irregularities in Petrobras Contracts

Written by Paulo Nogueira

Published on 31/05/2019 at 08:19

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Saipem Told Brazilian Court That It Is Confident No Wrongdoing Occurred in the Awarding of These Contracts

The Italian oil services group Saipem said Brazilian authorities opened proceedings into alleged irregularities regarding two of its businesses in the awarding of a contract in 2011.

Saipem, which is controlled by the oil company Eni and the Italian 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 (US $62 million) contract awarded by Petrobras for the installation of a submarine pipeline connecting the Lula and Cernambi fields in Santos, in southern Brazil.
Saipem expressed confidence that no wrongdoing occurred in the awarding of the contract and stated that its units would cooperate in the process. ($ 1 = 0.8981 euros). Reuters

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Saipem Units Under Investigation in Brazil for Irregularities in Petrobras Contracts

Saipem Told Brazilian Court That It Is Confident No Wrongdoing Occurred in the Awarding of These Contracts

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