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Actionable news in PGN: PARAGON OFFSHORE PLC,

As previously

Company

,

we

or

us

) used a commercial agent in Brazil in connection with Petrleo Brasileiro S.A. (

Petrobras

) drilling contracts. The agent pleaded guilty in Brazil in connection with the award by Petrobras of a drilling contract to one of our competitors as part of a wider investigation of Petrobras business practices. The agent has represented a number of different companies in Brazil over many years, including several offshore drilling contractors. Following the news reports relating to the agents involvement...


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