ADNOC Suspends Petrofac from Competing for New Contracts over Bribery Case
Posted 19/05/2021 15:24
Abu Dhabi-based oil and gas giant ADNOC has suspended oilfield services firm Petrofac from competing for new ADNOC contracts until further notice, over a bribery case related to contracts awarded in 2013 and 2014. Petrofac Ltd announces it has today been notified by ADNOC Group that it has been suspended from competing for new awards until further notice. This follows the SFO s announcement of additional pleas in January by a former Petrofac employee under the Bribery Act 2010 in relation to historic contract awards in the UAE in 2013 and 2014, Petrofac said.
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Former Petrofac Executive Pleads Guilty To Bribery Offenses
LONDON (dpa-AFX) - The U.K. s Serious Fraud Office said that a former employee of Petrofac has admitted additional charges under the UK Bribery rule. The charges relate to three contract awards in the UAE in 2013 and 2014.
Petrofac confirmed that no charges have been brought against any Group company or any other officers or employees.
A small number of former Petrofac employees are alleged to have acted together with the individual concerned, although none have been charged. No current Board member of Petrofac is alleged to have been involved, Petrofac said in a statement.