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Petrofac board: An update on SFO investigation

Jaclyn Jaeger | February 6, 2018

The board of directors of oilfield services provider Petrofac this week provided an update on the investigation into the company by the U.K. Serious Fraud Office. 

“The investigation is wide ranging in time and scope and relates to the activities of Petrofac, its subsidiaries, and their officers, employees and agents for suspected bribery, corruption, and/or money laundering,” the company stated. The SFO announced in May 2017 that it was investigating Petrofac related to its ongoing investigation into the activities of Unaoil.

Petrofac said it continues to engage with the SFO. “This engagement has involved, and is expected to continue to involve, the interview of directors of the company, including the chairman, executive directors and non-executive directors, as well as employees, either under Section 2 of the Criminal Justice Act or under caution. In...

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