compliance:
On March 16, 2015 SBM Offshore announced the signing of a Memorandum of Understanding (MoU) with the Brazilian Comptroller General's Office (Controladoria-Geral da União - "CGU") and the Attorney General's Office (Advocacia-Geral da União - "AGU"). This MoU sets a framework between the Company, the CGU and the AGU for discussions on a potential mutually acceptable settlement and for the disclosure by SBM Offshore of information relevant to the CGU's investigations.
Discussions with these authorities, which also include the Public Prosecutor's Office (Ministério Público Federal - "MPF") and Petrobras, are ongoing.
On September 28, 2015, Petrobras announced that, after analysis of the Company's compliance program and enquiry with the MPF and CGU, the Company is eligible to participate in Petrobras tenders. Additionally, effective contracting for projects as a result of the bidding process are conditioned upon the conclusion of the settlement agreement under discussion.
Concurrently, the Company announced that it had received written notification from Petrobras of its ability to participate in the recently issued Libra and Sépia FPSO tenders in Brazil and that a definitive invitation to bid on the Libra FPSO tender required approval by the partners in the Libra field.
In spite of repeated assurances that the relevant tender documents may be forthcoming, they have yet to be received from Petrobras. Once received, the Company will update the market accordingly.
De vraag is of andere partijen wel de formats hebben; dan is het wel verontrustend. Overigens heeft Petrobrás zelf aangegeven dat de deadline van dec 2015 waarschijnlijk zal worden opgeschoven
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