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Petrofac overhauls compliance in response to UK corruption probe

By Martin Coyle ( August 9, 2017, 11:19 GMT | Insight) -- Oilfield-services company Petrofac has announced details of a planned compliance overhaul, including adding a dedicated team to its management board, to help it tackle the fallout from an ongoing UK corruption probe. The Serious Fraud Office opened a formal investigation into Petrofac in May over its links to Monaco-based consultancy Unaoil, itself under investigation by the agency.Oilfield-services company Petrofac has announced details of a planned compliance overhaul to help it tackle the fallout from an ongoing UK corruption probe....

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