Petrobras Ends Rig Contract with Ensco over Corruption Charges

Reuters

Jan 6 (Reuters) – Rig contractor Ensco Plc said Petrobras has declared void a contract for a drillship leased to the Brazilian oil producer.

Petroleo Brasileiro SA, or Petrobras, chartered the DS-5 in 2008, when it was owned by Pride International, a company bought by Ensco in 2011.

Petrobras said in a notice on Monday that Pride had knowledge that the rig's shipbuilder made "improper payments" to a marketing consultant who then shared the money with former employees of Petrobras.

Ensco has denied allegations of corruption in Brazil.

(Reporting by Amrutha Gayathri in Bengaluru; Editing by Don Sebastian)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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