SBM Offshore reaches final settlement with Brazilian prosecutor

Dutch FPSO provider SBM Offshore has reached a deal with the Brazilian prosecutor under which the prosecutor will refrain from initiating new legal proceedings against the company related to legacy bribery issues in Brazil.

Following a leniency agreement in July with Brazilian Authorities CGU (Ministério da Transparência e Controladoria-Geral da União) and AGU (Advocacia Geral da União) and Petrobras that allowed the company to resume normal business activities with Petrobras, SBM Offshore has now also signed an additional agreement with the Brazilian Federal Prosecutor’s Office (Ministério Público Federal – MPF).

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