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SFO investigates Petrofac over Unaoil

Jaclyn Jaeger | May 15, 2017

The U.K. Serious Fraud Office confirmed that it is investigating the activities of oilfield services provider Petrofac, its subsidiaries, and their officers, employees, and agents for suspected bribery, corruption, and money laundering. This investigation is related to the SFO’s ongoing investigation into the activities of Unaoil.

In August 2016, Petrofac concluded its independent investigation commissioned by the board into allegations in the media related to Unaoil. In that investigation, the board confirmed that no evidence was found that any director of the company was aware of the alleged misconduct that is the subject of the allegations. “The independent investigation has thoroughly...

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