HOUSTON—Halliburton Co. is conducting an internal investigation of potential violations of U.S. anticorruption laws by some of its personnel in oil-rich Angola.
In a recent earnings document filed with the U.S. Securities and Exchange Commission, the world's second-largest oil-field-services provider after Schlumberger Ltd. said that in December 2010, it received an anonymous email accusing some of its current and former personnel of breaking the rules set by the U.S. Foreign Corrupt Practices Act in dealings with an Angolan vendor. FCPA laws prohibit U.S. companies from bribing foreign government and corporate officials.
At the time Halliburton contacted the U.S. Justice Department to tell the authorities it was initiating an internal investigation with the aid of outside counsel and independent accountants.
In the third quarter of 2011, Halliburton met again with the Justice Department and SEC to update them on the progress of the investigation; the discussions are expected to continue, Halliburton said. "We intend to cooperate with their inquiries and requests as they investigate this matter."
The company said that the investigations "are at an early stage" and that it can't predict their outcome.
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