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Adnoc Suspends Petrofac from Bidding for New Work

Petrofac, a global provider of oilfield services, has announced that it has been notified by the Adnoc Group of the UAE that it has been suspended from competing for new awards until further notice.

 

This follows the SFO’s (Serious Fraud Office) announcement of additional pleas in January by a former Petrofac employee under the Bribery Act 2010 in relation to historic contract awards in the UAE in 2013 and 2014, a Petrofac statement said.

 

Petrofac will continue to execute two EPC projects for Adnoc currently under construction. Adnoc has stated that it recognises the long-standing nature of its relationship with Petrofac and has confirmed that its decision will be reviewed on a periodic basis, according to the statement.

 

Petrofac is committed to operating at the highest standards of ethical business practice, the statement said, adding that no charges have been brought against any Petrofac Group company or any current officer or employee.

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