Page 15 - LatAmOil Week 40 2021

LatAmOil NEWS IN BRIEF LatAmOil

the agreement is now completed.
Pursuant to the coordinated agreements
with DOJ and the US Securities and Exchange
Commission (SEC), Petrobras paid $853.2mn
(10% in a criminal fine to DOJ, 10% in a civil
fine to the SEC, and 80% for payments to the
Brazilian authorities), committed to continue
to improve its internal controls and compliance
programme, and agreed to cooperate with US
agencies, including by submitting annual reports
to DOJ. The DOJ agreement also recognised
that, in addition to the misconduct that was the
subject of the agreement, Petrobras was victim-
ised by the embezzlement scheme uncovered by
MOVES area. It is an exciting time for the offshore indus- the Brazilian public authorities in Operation Car
try and the growth in the region is a strong pos- Wash (Lava Jato).
EEPGL contractor Bristow itive that is good for Bristow, our customers and foreseen in the agreement, Petrobras closes an
“With the conclusion of the obligations
the citizens of Guyana,” said Byrne.
Group appoints Byrne as Cheddi Jagan International Airport Corp. and have finally turned the page, and the end of
Byrne also served as a Board member of important stage in its recovery trajectory. We
area manager for Guyana the GCAA and previously worked at the GCAA the DOJ agreement proves that we are living in
as an Air Traffic Control Assistant and Airport new times, with our compliance system being
Bristow Group has appointed Courtney Byrne as Duty Officer. strengthened day by day. We now have a robust
the Area Manager for Guyana. In this position, Bristow Group Inc. is the leading global pro- control system and anti-corruption measures
Byrne will work closely with Bristow customers vider of vertical flight solutions. Bristow pri- that go beyond those required by law,” observes
and across the company to deliver world-class marily provides aviation services to a broad base Petrobras’ Executive Director of Governance
service as we grow our operations in Guyana of major integrated, national and independent and Compliance, Salvador Dahan.
and foster relationships in the local community. offshore energy companies. Bristow provides Since 2018, Petrobras has continued to
He will manage the local day-to-day operations commercial search and rescue (SAR) services in improve the effectiveness of its internal con-
and will be responsible for ensuring the safety several countries and public sector SAR services trols and consolidate structural and governance
of the team and passengers while also ensuring in the UK on behalf of the Maritime & Coast- changes by strengthening its culture of eth-
that customer service delivery expectations are guard Agency (MCA). Additionally, the Com- ics, integrity, and transparency. The corporate
being met. pany also offers ad hoc helicopter and fixed-wing compliance programme includes, among other
Byrne joined the Guyana Defence Force transportation services. Bristow currently has things, an independent Whistleblower Channel,
in 1993 as an officer cadet and worked his way customers in Australia, Brazil, Canada, Chile, mechanisms to combat fraud and corruption by
up the ranks as co-pilot, pilot, flight operations Colombia, Guyana, India, Mexico, Nigeria, the companies with which Petrobras does busi-
officer and flight operations manager, retiring as Norway, Spain, Suriname, Trinidad, the UK and ness (Due Diligence), and integrity analyses of all
Commanding Officer of the Guyana Defence the US. managers, administrators, and employees who
Force Air Corps with 28 years of military expe- Bristow Group, September 29 2021 work in critical processes (Integrity Background
rience. He has an airline transport pilot license, Check). In addition to these measures, the com-
a commercial pilot license with instrument pany invests in training on integrity-related top-
rating on helicopters issued by the Federal Avi- LEGAL ics for its employees, suppliers, and partners. As
ation Administration (FAA) and Guyana Civil a result of its commitment to strengthening its
Aviation Authority (GCAA) respectively and is Petrobras meets obligations governance and integrity practices, Petrobras
a Transport Canada/GCAA-approved check air- successfully rejoined the Partnering Against
man. He has over 3,500 hours of total flight time. under agreement with US Corruption Initiative (PACI), an initiative of
“Courtney brings decades of aviation exper- the World Economic Forum (WEF) focused on
tise and passion that will help us provide safe, Department of Justice anti-corruption and transparency issues.
reliable and efficient service to Guyana. He is Petrobras will continue to cooperate with the
committed to providing great support to our Petrobras has concluded the obligations set public authorities to fully investigate the illicit
customers as well as growing our business in the forth in its agreement with the US Department acts that victimised it, and it will also continue to
region. He is also committed to fostering strong of Justice (DOJ), previously disclosed in its Sep- seek compensation for the losses it has suffered
relations in the local community and ensuring tember 27, 2018, release. The non-prosecution as a result of these acts. Consistent with these
our operations are sustainable. As the only oper- agreement, which related to Petrobras’ inter- efforts, the company currently is co-plaintiff
ator in the region, we are committed to main- nal controls, accounting records, and financial with the Federal Prosecutor’s Office and the Fed-
taining our role as the global leader in vertical statements during the period from 2003 to eral Government in 21 pending administrative
flight,” said Samantha Willenbacher, Senior Vice 2012, included certain obligations to be fulfilled improbity actions and is an assistant prosecutor
President for the Americas. by the company. Petrobras has fulfilled these in 81 criminal actions. Petrobras has already
“I look forward to working with Esso Explo- obligations, including continuing to enhance its received more than BRL6.0bn in compensation,
ration and Production Guyana Ltd [EEGPL] and integrity programme and self-reporting to DOJ including amounts that were repatriated from
other customers in the region as we provide the during the agreement’s three-year term, and has Switzerland by the Brazilian public authorities.
safest, most efficient vertical lift solutions in the fully complied with the agreement. Accordingly, Petrobras, October 4 2021

Week 40 07•October•2021 www. NEWSBASE .com P15