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Core Laboratories: Unaoil probe ends in DoJ declination

Jaclyn Jaeger | October 25, 2017

Core Laboratories, an Amsterdam-based oil services company, said in a securities filing today that the U.S. Department of Justice has closed its investigation possible violations of the Foreign Corrupt Practices Act related to its interactions with Unaoil.

In its Form 10-Q filed on Oct. 25, Core Laboratories said the Department of Justice “has closed its inquiry without taking any action against the company.” Specifically, the Justice Department stated in a letter to the company, dated Oct. 4, that “based upon the information known to the Department at this time, it has closed its inquiry into the company in connection with this matter. The Department appreciates the company’s cooperation during the investigation.”

Core Laboratories first disclosed the Justice Department investigation in a quarterly report last year. The company did not, however, mention in its latest... To get the full story, subscribe now.