Federal officials say a Netherlands-based maker of equipment for offshore oil drilling will pay $238 million to settle charges of paying bribes to officials in five oil-producing countries.
Justice Department officials said Thursday that SBM Offshore N.V.'s U.S. subsidiary pleaded guilty in federal court as part of the settlement.
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The government says the company admitted that from at least 1996 to 2012 it paid more than $180 million to intermediaries while knowing some of the money would be used to bribe officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq to win business from state-owned oil companies.
The Justice Department says the company gained at least $2.8 billion from projects with the oil companies.
SBM settled with Dutch authorities in 2014 by paying $240 million in fines and forfeited profits.