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Petrofac

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Middle East bribery case

    A former Petrofac Global Head of Sales pleaded guilty to bribery-related offences involving contract opportunities in the United Arab Emirates, Saudi Arabia and Iraq. The UK Serious Fraud Office said approximately $30 million was offered or paid in connection with UAE contracts, while additional charges concerned proposed awards in Saudi Arabia and Iraq. Petrofac was fined £77 million for failing to prevent bribery in the Middle East.

    Source

  2. 2021

    Petrofac fined £77 million after pleading guilty to bribery

    Fine or penalty

    Petrofac was fined £77 million after pleading guilty to bribery in Iraq, Saudi Arabia and the United Arab Emirates. The article reports the fine and guilty plea; it does not state that the former executive's separate sentence was imposed on Petrofac.

    Source excerpt

    • Petrofac had pleaded guilty to seven counts of failing to prevent senior former executives from offering or paying bribes to obtain the contracts in Saudi Arabia, Iraq and UAE between 2011 and 2017.
    • Judge Deborah Taylor said the corruption was “systemic, serious and grave” when she imposed the penalty at Southwark crown court in London. She also ordered Petrofac to pay a further £7m in legal costs.
    • The fine was imposed on Petrofac on Monday after it admitted to paying bribes to land multibillion pound contracts in three Middle Eastern countries.
    Source