Norwegian anti-corruption authority closes investigation into Sevan Drilling bribery case

The National Authority for Investigation and Prosecution of Economic and Environmental Crime (Norwegian: Økokrim) has completed the investigation against Sevan Drilling ASA over the Company's drilling contracts secured from Petrobras and the orginal charges have been dismissed, the Company's press release said.

"Reference is made to the public announcement by Sevan Drilling Ltd (the "Company") dated 16 October 2015 regarding Økokrim's investigation of the Company's subsidiary Sevan Drilling ASA in respect of payments made to agents in relation to drilling contracts originally awarded by Petrobras to Sevan Marine ASA in the period between 2005-2008," the Company's media release said.