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Offshore contractor secures $738 million from Petrobras in bribery dispute

By Tom Jones

21 May 2019

Offshore contractor secures $738 million from Petrobras in bribery dispute Petrobras HQ in Rio de Janeiro (Credit: iStock.com-Aleksandr_Vorobev)

A Houston federal court has ordered Petrobras to pay an offshore drilling contractor $738 million in damages for wrongfully terminating a deal allegedly secured with bribes. That contractor paid $5 million to the SEC last year over related FCPA charges.