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SBM signs Brazil pact

SBM Offshore will be able to participate in Petrobras tenders again after signing a Leniency Agreement.

  The deal was signed by SBM, the Brazilian Ministry of Transparency and Comptroller’s General Office (CGU), the General Counsel for the Republic and Petrobras.

  The Brazilian Federal Prosecutor’s Office (MPF) is not a party to the Leniency Agreement. The lawsuit brought by the MPF under the Brazilian Improbity Law against various SBM Group companies, and the requested associated provisional measure, are still pending.

  Bruno Chabas, CEO of SBM Offshore, said: "The Leniency Agreement with CGU, AGU and Petrobras marks a key milestone towards a closure of the company’s legacy issues in Brazil. This agreement supports the continuation of our long-lasting relationship with Petrobras and will allow SBM Offshore to successfully pursue new business opportunities in Brazil.”