Brazil Company to Suspend Drilling for Scandal-Hit Petrobras

April 7, 2015 9:13 PM

16 0

An oil service company is suspending operations on five drills it operates for Brazil's state-run oil giant Petrobras amid a widespread corruption scandal that has engulfed both companies.

In a statement Tuesday, Petrobras said Schahin has announced the impending suspension of the five rented drills. The statement says that "Petrobras is evaluating the appropriate contractual measures."

Read more

To category page