Former senior oil service firm executive pleads guilty to bribery

Former head of sales for British oil services firm Petrofac Ltd, David Lufkin, pleaded guilty to three bribery offences of agents from 2012 to 2018 in order to influence oil deals in the United Arab Emirates worth $ 3.3 billion.

The Reuters news agency reports citing the Britain’s Serious Fraud Office (SFO).

These charges are in addition to 11 other bribery charges to which Lufkin pleaded guilty in February 2019. The defendant bribed agents to influence the award of an engineering, procurement and construction contracts to Petrofac in Iraq worth in excess of $730 million and in Saudi Arabia worth in excess of $3.5 billion.

– Total payments of approximately $30 million were made, or were due to be made, by Petrofac to those agents in connection with these contracts, – the SFO said.

The total amount of payments to agents was $ 30 million.

Lufkin’s case has been committed for sentence to Southwark Crown Court on 11 February 2021.

The SFO noted that law enforcement agencies continue to investigate the activities of Petrofac and its subsidiaries, as well as its officers, employees and agents for suspected bribery, corruption and money laundering.