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Petrobras on Leniency Agreement

Source: www.gulfoilandgas.com 6/26/2020, Location: South America

Petrobras announces that, following up to the release disclosed on July 25, 2019, it has received R$ 265 million related to the second installment of the leniency agreement executed by Technip Brasil and Flexibras (companies of the Technip Group). This payment arises from the damages suffered by Petrobras’ within the scope of Operation Car Wash.

The leniency agreements was entered into with the Federal Prosecutor’s Office, the Government Accountability Office, the Federal Attorney General and the Department of Justice of the United States of America in June 2019. In July 2019, Petrobras received the first installment of the agreement, in the amount of R$ 313 million which, summed with the second installment, totals approximately R$ 578 million in funds received.

The total funds retuned to the Company, as a result of collaboration, leniency and repatriation agreements, exceeds R$ 4.5 billion. In the last 12 months, the Company recovered R$ 1.2 billion.

Petrobras reaffirms its commitment to take applicable actions, seeking the appropriate compensation for damages resulting from unlawful acts committed against the Company. Petrobras is co-plaintiff with the Federal Prosecutor’s Office and the Federal Government in 18 pending administrative misconduct actions, in addition to being an assistant prosecutor in 70 criminal cases related to illegal acts investigated by Operation Car Wash.

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