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.
Read the latest issue of Oilfield Technology in full for free: Oilfield Technology's November/December 2020 issue
The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea before moving on to cover a range of topics, including Drilling Technologies, Deepwater Operations, Flow Control.
Contributors come from Varel Energy Solutions, Gyrodata, Clariant Oil Services, Drillmec and many more.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/15032021/petrofac-suspended-from-contract-bids-in-uae/