Petrofac suspended from contract bids in UAE

Published by Nicholas Woodroof, Editor
Oilfield Technology, Monday, 15 March 2021 17:00

Petrofac has been notified by ADNOC Group that it has been suspended from competing for new awards until further notice.

This follows the announcement by the UK Serious Fraud Office (SFO) 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 will continue to execute two EPC projects for ADNOC currently under construction. ADNOC has said that its decision will be reviewed on a periodic basis.

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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/15032021/petrofac-suspended-from-contract-bids-in-uae/

Equinor welcomes OKEA as new partner in the Statfjord area

Monday 20 March 2023 09:59

The company has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA with an effective date 01 January 2023.

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