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 addition, the company has provided and will continue to provide relevant documents to the SFO.”
Petrofac added that it will not make any further comment on the basis that this may prejudice an ongoing investigation. “We also do not anticipate providing further updates on this matter,” the company stated.
Petrofac concluded, “Since the events of last year, the board and management have worked together to ensure safe and reliable delivery for clients and secure new orders, whilst at the same time responding as constructively as possible to the SFO investigation.”