SBM Offshore Says Petrobras Discussions Ongoing

Floating production services provider SBM Offshore responded to media reports of a potential settlement with Petrobras regarding tenders in Brazil, stating the discussions are presently ongoing and a conclusion has not been reached.

 

SBM Offshore announced September 28 that it was invited to participate in Petrobras tenders.

 

The company said it is in constructive discussions with the authorities but will not further comment pending the finalization of these discussions.