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Seadrill explains itself in Sevan’s corruption case

Norway’s Sevan Marine has taken a long hard look at itself and seen signs that the company might have made irregular payments to the corruption-accused Brazilian oil company Petrobras. But the payments were made before Seadrill entered the company, it says in a stock market release.

Seadrill now comments on news that Sevan Marine has turned itself over to Norwegian authorities due to its possible involvement in corrupt practices.

Seadrill stresses that it entered Sevan Drilling after the alleged illegal contracts were entered into.

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