Petrobras

Petrobras informs about arbitration of Vantage case

T&B Petroleum/Petrobras Agency
31/08/2020 19:37
Visualizações: 2807 (0) (0) (0) (0)

Petrobras, in continuation to the communiqué of 07/17/2020, informs that, as of today, the United States Court of Appeals for the Fifth Circuit has dismissed the appeals filed by the company against the decision issued by this court, on 16 / 07/2020, which, on appeal, confirmed the arbitration award handed down in the arbitration filed by Vantage Deepwater Company and Vantage Deepwater Drilling Inc.

 

The arbitration arose from a drilling services contract obtained through corruption, as revealed by Operation Lava Jato. Although the appeals were aimed at reversing the decision of the aforementioned court, the Petrobras Group companies involved in the litigation had already paid the sentence on 06/21/2019.

 

Thus, today's decision has no financial impact on the company. Petrobras is evaluating the decision, as well as the possibility of filing an appeal, and will continue to adopt all measures aimed at safeguarding its interests.

Most Read Today
see see
Royalties
December Production Royalty Payments Distributed to Stat...
26/02/26
Award
BRAVA Energia Wins Top Honor at OTC Houston for Atlanta ...
26/02/26
Strategic Agenda
ABPIP Presents 2026 Strategic Agenda to Chairman of the ...
26/02/26
People
TVO Enhances Project Management Expertise
26/02/26
Memorandum of Understanding
Wärtsilä and Abu Dhabi Maritime Academy explore collabor...
12/02/26
Pre-Salt
Petrobras platform P-79 arrives at the Búzios field
12/02/26
Results
Petrobras’ oil and gas production rises 11% and reaches ...
12/02/26
Permanent Offer
Comprehensive and Unprecedented Joint Statement Speeds U...
12/02/26
PPSA
MME and MMA Clear Strategic Pre-Salt Areas, Enabling the...
12/02/26
Biomethane
Biomethane in Focus with Debate on Credit, Regulation, a...
12/02/26
People
Mario Ferreira is the New Commercial Manager at Wiz Corp...
11/02/26
Macaé Energy
Macaé Hosts Strategic Energy Fair Focused on Business Ge...
28/01/26
Macaé Energy
Macaé Energy 2026 Anticipates Major Debates and Begins C...
27/01/26
Visas Agreement
Brazil implements electronic VISIT Visa for Chinese citizens
22/01/26
Biofuels
Sifaeg Highlights New Investment Cycle and the Consolida...
21/01/26
Drilling
Foresea’s Norbe IX Drillship Undergoes Scheduled Mainten...
21/01/26
State of Ceará
Companies from Ceará lead the H2MOVER-Pecém project, sel...
08/01/26
Maritime Support
Ambipar carries out more than 600 port and maritime emer...
07/01/26
Petrobras
Petrobras celebrates 20 years of the Santos Basin Unit
07/01/26
Pelotas Basin
TGS launches maritime safety application for operations ...
07/01/26
Diesel
Petrobras and Vale move forward with fuel supply partnership
07/01/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.