Corporate Governance

Seacrest Petroleo strives to protect and enhance shareholder value through openness, integrity and equal shareholder treatment. We are committed to maintaining high standards of corporate governance and investor relations as a key element of our strategy to reduce risks and increase value creation to the benefit of shareholders, employees, the environment and the society as a whole.

Seacrest Petroleo is primarily governed by the Bermuda Companies Act, its memorandum of association and its bye-laws. In addition, the Company is subject to certain aspects of the Norwegian Securities Trading Act, the Norwegian Accounting Act and the continuing obligations for companies listed on the Oslo Stock Exchange.

The Company is committed to ensuring that high standards of corporate governance are maintained and supports the principles set out in the Norwegian Corporate Governance Code.

Management

Jose Cotello

CEO

José has more than 30 years of experience in the Oil & Gas sector. He was most recently the President of Ecopetrol Oleo e Gas do Brasil. Within Ecopetrol he previously held the position of Regional Vice President at Orinoquia. Prior to joining Ecopetrol he was the Chief Operating Officer at Petra Energia and held various positions around the world in a 22-year career at Schlumberger where, as IPM Vice President led a team that has drilled and completed more than 1,200 wells. He has a degree in Computer Engineering & Electronics from the Instituto Militar de Engenharia in Brazil.

Juan Alves

Juan Alves

COO

Juan Alves has more than 10 years of extensive management and engineering experience within the oil and gas industry in Brazil, with particular expertise in mature and marginal oil fields management, revitalization, development and optimization works. Alves has previously worked as general manager at Petroreconcavo. Alves holds a degree in chemical engineering and a post graduate degree in specialization of drilling fluids, completion and stimulation of wells, both from the Federal University of Rio Grande do Norte.

Thomas Kandel

Thomas Kandel

Interim CFO – Investment Director

Thomas Kandel has more than 10 years’ experience from the oil industry. He previously served in M&A and Portfolio Management at Seacrest and Engie. He holds master’s Engineering degrees from Ecole Centrale de Lyon and from IFP School.

Giovanna Siracusa

Giovanna Siracusa

Corporate Development Manager

Giovanna Siracusa has over 10 years’ experience in business administration and financial analysis. She has previously worked in M&A and equity research within the oil and gas industry. She holds Bachelor’s degree in Business Administration from Fundação Getulio Vargas, São Paulo, Brazil.

John de los Santos

Head of Investor Relations

John de los Santos has more than 10 years of experience in finance and investment research. Before joining Seacrest Petroleo he was an equity research analyst at Redburn, where he covered the Oil Majors, European E&Ps and Carbon Capture; and at UBS, where he covered Oil Macro and a wide range of Oil & Gas companies in London and New York. He has an MBA from Columbia Business School and prior experience in credit analysis covering the Asia Pacific TMT sector in Citibank.

Peter O'Driscoll

Peter O’Driscoll

Group General Counsel

Peter O’Driscoll has served as Group General Counsel since June 2019. For the period from June 2005 to June 2019, he was a partner of Orrick, Herrington & Sutcliffe LLP, and prior to that worked in other recognised international law firms. Mr. O’Driscoll was admitted to the Bar of the State of New York in 1988. He obtained his law degree from Northwestern University School of Law in 1987, and a BA in English Literature from Oral Roberts University in 1984.

Board of Directors

Erik Tiller

Executive Chairman

Erik Tiller has more than 25 years of experience within finance and business, both within the oil and gas industry and the asset management industry. From 1994 to 2010, Mr. Tiller was chairman at Amerscan Capital Management Ltd. In 2011 Tiller founded the Seacrest Group, an international oil and gas private equity company. In addition to being a co-founder of the Company, Mr. Tiller also co-founded the Norwegian oil and gas company OKEA ASA in 2015. Mr. Tiller holds a BA in Business Administration and International Management from the California Lutheran University.

Martin Bachmann

Board Member

Martin Bachmann, a trained geophysicist, has more than 35 years’ executive experience across the global oil and gas business. He is currently chairman of the boards of directors of Sval Energi and NEO Energy Group, both North Sea-focused producers. Prior to that, he was a member of Wintershall’s board of executive directors for 10 years. Previously, he had a 25 year career with Shell, managing various businesses in the FSU, Spain, the Netherlands, the North Sea and the Middle East.

Rune Olav Pedersen

Board Member

Rune Olav Pedersen has served as President & CEO of PGS ASA since 2017. Mr. Pedersen has previously held the position of executive vice president & general counsel at the company. Prior to joining PGS he was partner in the oil and gas department of the law firm Arntzen de Besche. He has a law degree from the University of Oslo, a post-graduate diploma in European competition law from Kings College London and an Executive MBA from London Business School.

Denis Chatelan

Board Member

Denis Chatelan has more than 30 years of experience within finance and management and has extensive board experience. Since 2016, he has held the position of Head of Business Development at Perenco, an independent Anglo-French oil and gas company. In this position, Chatelan is in charge of strategy, M&A and portfolio management within Perenco and holds board positions in various Perenco portfolio companies. Prior to joining Perenco in 2004, he worked as CFO Africa at Rougier S.A. and as a consultant at Deloitte & Touche (France). He holds a major in Finance from Paris ESCP Business School.

Pedro Magalhães

Board Member

Pedro Magalhães is a partner at the Brazilian law firm Nunes Fernandes & Advogados Associados since 2005 and has extensive experience in the power business regulation and in the oil and gas sector. He is currently a member of the board of directors of several companies, including TEP – Termoeletrica Potiguar S.A., Água Limpa Energia S.A and Areia Energia S.A, São Francisco Energia S.A. Mr. Magalhães holds a Bachelor of Laws from the Federal university of Bahia and an MSc in Energy lndustry Regulation from the University of Salvador.

Jose Cotello

CEO

José has more than 30 years of experience in the Oil & Gas sector. He was most recently the President of Ecopetrol Oleo e Gas do Brasil. Within Ecopetrol he previously held the position of Regional Vice President at Orinoquia. Prior to joining Ecopetrol he was the Chief Operating Officer at Petra Energia and held various positions around the world in a 22-year career at Schlumberger where, as IPM Vice President led a team that has drilled and completed more than 1,200 wells. He has a degree in Computer Engineering & Electronics from the Instituto Militar de Engenharia in Brazil.

[1] Mr. Tiller indirectly owns 50% of Seacrest Partners III GP Limited, the general partner of Seacrest Partners III, L.P., a limited partnership which owns [33.06]% of the Company. Accordingly, in such capacity, Mr. Tiller may be deemed to control [16.53]% of the Company. [1] Mr. Murray indirectly owns 50% of Seacrest Partners III GP Limited, the general partner of Seacrest Partners III, L.P., a limited partnership which owns [33.06]% of the Company. Accordingly, in such capacity, Mr. Murray may be deemed to control [16.53]% of the Company.

Annual General Meeting

The AGM and EGM will be announced here.

Committees

The Nomination and Corporate Governance Committee

The Nomination and Corporate Governance committee is responsible for the corporate governance of the Company and proposes candidates for members of the board of directors and the nomination committee, and remuneration to the members of these bodies. The general meeting shall adopt instructions for the nomination committee.

Pedro Magalhães
Erik Tiller

The Audit Committee

The Audit Committee oversees the integrity of the Company’s financial statements, financial reporting processes, internal controls and risk assessment and risk management policies, and of the compliance system and the performance of the Company’s internal control function.

Rune Olav Pedersen
Denis Chatelan

The Remuneration Committee

The Remuneration Committee, which is composed of three Independent Directors, assists the Board of Directors to enhance corporate governance effects and ensure a sound remuneration system for the Board members, and executive officers of the Company.

Martin Bachmann

The Technical Committee

The Technical Committee is established to assist the Board of Directors in overseeing all technical and operational matters, it is also responsible for overseeing the implementation and efficiency of Health, Safety, and Environmental (HSE) policies within the company. Finally, the Committee is also responsible for reviewing and monitoring the company’s reserves reporting process.

Denis Chatelan
Martin Bachmann

Reporting Channel

Seacrest Petroleo has established a reporting channel with partner Contato Seguro for employees, contractors, and other stakeholders to confidentially report any concerns or complaints about irregularities in the corporate environment.

Call the hotline

0800-6018659

Visit the website

contatoseguro.com.br

Download the app

Contato Seguro