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Vantage Drilling linked to Petrobras corruption scandal, denies wrongdoing

Vantage Drilling linked to Petrobras corruption scandal, denies wrongdoing
Vantage Drilling is the latest offshore company to be linked to the corruption scandal at Petrobras, but denies any wrongdoing.

The US drilling company has been linked to the “Operation Car Wash” corruption scandal over contract for the Titanium Explorer, which was signed by a former international director of Petrobras Jorge Zelada who was arrested last week.

Vantage said it had found no evidence to substantiate improper activity by the company in the signing of the contract.

"Several hundred contracts were signed by this former director, which in Vantage's case, was after the parent board of Petrobras had approved the contract," said Paul Bragg, chairman and ceo of Vantage.

“We do not believe that any inappropriate act was committed by any personnel associated with Vantage. Although we are disappointed that recent news reports have suggested that a former Petrobras international director was arrested on the suspicion of some form of wrongdoing associated with Vantage, as well as with other companies contracted to Petrobras, we are confident that any suggestion is without merit as it relates to Vantage," he added.

Other international offshore marine companies named in the Brazilian press in relation to bribery at Perobras and its subsidiaries in include, Sevan Drilling, Sembcorp Marine, Keppel Offshore & Marine and SBM Offshore.