SBM ends Petrobras tender

SBM Offshore: Discussions at an end

SBM Offshore has thrown out any chance of participating in tenders to supply floaters for the Petrobras-operated Tartaruga Verde and Libra oilfield developments off Brazil.

The floater specialist has been in discussions with Petrobras to see if  it could continue to be part of the tender process for the developments, however on Thursday is said the discussions were officially over and it would not be participating.

SBM was apparently surprised when Petrobras chief executive Maria das Gracas Foster told a Senate panel investigating the oil company’s financial affairs that SBM would not be admitted to any tenders until investigations into alleged bribery were concluded.

SBM and its local partner Queiroz Galvao Oil & Gas were hoping to contend for the contract for the floating production, storage and offloading unit to be used in the Campos basin.

A major FPSO player in Brazil, SBM was also said to be eyeing a tender for a smaller unit at the Queiroz Galvao E&P-operated heavy-oil Atlanta development.

Hopes had been on the rise that SBM could get back in the tender game as an internal probe by Petrobras carried earlier this year found no wrongdoing.

The SBM allegations, originally posted by a former employee on Wikipedia, cited up to $250 million of kickbacks in Angola, Equatorial Guinea, Brazil and Malaysia going as far back as 2005.




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