Petrobras on Technip Group Leniency Agreement

Source: www.gulfoilandgas.com 6/25/2021, Location: South America

Petrobras, following up on the release disclosed on 06/26/2020, informs that today it received the third, and last, installment, in the amount of R$ 271.1 million, of the leniency agreement entered into by Technip Brasil and Flexibras (companies of the Technip Group).

Petrobras had already received the first two installments of the agreement, in July 2019 and June 2020, totaling R$ 578.3 million. With these amounts, Petrobras exceeds the mark of R$ 6 billion in funds recovered through collaboration, leniency and repatriation agreements.

These reimbursements arise from Petrobras' status as a victim in the crimes investigated in Operation Car Wash.

The company reaffirms its commitment to adopt the appropriate measures, in search of adequate compensation for the resulting losses that were caused. Petrobras is is co-plaintiff with the Federal Prosecutor’s Office and the Federal Government in 21 ongoing administrative improbity actions, in addition to being an assistant prosecutor in 79 criminal actions related to illegal acts investigated by Operation Car Wash.


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