The following is a media statement by Sapura Energy, reproduced in full.
KUALA LUMPUR (Oct 7): Sapura Energy Berhad (“SEB”) wishes to clarify several media reports mentioning SEB in the Operation Car Wash probe in Brazil.
SEB categorically states its zero-tolerance policy towards bribery and corruption.
A search and seizure warrant was issued by the 13th Federal Court of Curitiba, Brazil on two accused persons, neither of whom are employees or directors of SEB. No director or employee of SEB is the subject of the current investigation by the Brazilian authorities.
In relation thereto, Sapura Navegacao Maritima SA (“SNM”), a 50:50 joint venture between SEB and Seadrill, is fully cooperating with the Brazilian investigating authorities. The joint venture is a separate entity managed independently of its two shareholders. To date, SNM has not been contacted by any other authorities.
As part of good corporate governance, SEB has initiated its own inquiry to ascertain whether there were any breaches of any laws and non-compliance to its Code of Ethical Conduct.
SEB reiterates that at all times, it conducts its business in accordance with the law and best corporate governance, in line with our corporate values of professionalism, honesty and trust.