Petrofac Can Compete for ADNOC Contracts Again, As Year-long, Bribery-related Suspension Lifted

Bartolomej Tomic
Wednesday, March 16, 2022

Oilfield services giant Petrofac said Wednesday that Abu Dhabi National Oil Company (ADNOC) had lifted the suspension of the company imposed in March 2021.

Abu Dhabi-based oil and gas giant ADNOC had suspended oilfield services firm Petrofac from competing for new ADNOC contracts "until further notice," over a bribery case related to contracts awarded in 2013 and 2014.

Petrofac said Wednesday that ADNOC had informed it of the lifting of the suspension and the reinstatement of Petrofac in ADNOC's commercial directory. 

"Pursuant to this reinstatement, Petrofac is allowed to participate in all ADNOC's upcoming new tenders with immediate effect," Petrofac said.

"This decision acknowledges Petrofac cooperation with ADNOC's internal reviews and Petrofac's commitment to comply with the ADNOC Group Supplier Code of Ethics. It also takes into account Petrofac's efforts to strengthen governance and implement new policies and procedures to ensure compliance with applicable laws and regulations," Petrofac added.

Back in April 2020, ADNOC terminated $1.65B worth of contracts with Petrofac, for reasons not disclosed at the time.

The two contracts had been awarded in February 2020, and entailed the delivery by Petrofac of offshore platforms and gas processing facilities for the Dalma Gas Development Project, only to be canceled two months later.


Categories: Energy Middle East Industry News Activity Production Oilfield Services

Related Stories

CNOOC Puts Into Production New Oil Field in South China Sea

Woodside to Shed Some Trinidad and Tobago Assets for $206M

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

Kazakhstan Looks to Improve Oil Production Agreements Terms

China's CNOOC Aims for Record Oil and Gas Production in 2025

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Current News

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com