Saipem Faces Brazil Probe

Italian oilfield services player Saipem said that two of its subsidiaries are being investigated by Brazilian administrative authority over supposed irregularities in a contract award back in 2011.

The alleged irregularities include Saipem’s French and Brazilian units, who were awarded a €56-million contract by Petrobras in December 2011 for the installation of the subsea gas pipeline connecting the Lula and Cernambi fields in Santos Basin.

Saipem said it will cooperate in the administrative proceedings by providing all the clarifications requested by the competent administrative authority and have confidence in the correctness of the award of the above mentioned contract and in the absence of circumstances to affirm the administrative liability of the companies.

Share this article

Follow Subsea World News


<< Aug 2019 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >