A federal court in Houston has confirmed a $734 million arbitration award in a case between two oil and gas companies that clashed over whether a contract between them was obtained through alleged bribery, revealed through “Operation Car Wash,” a public corruption investigation in Brazil.
The award in the case, Vantage Deepwater Company v. Petrobras America Inc., comprises a $622 million award and $112 million in interest, according to the May 22 final judgment.
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