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
![](https://seacrestpetroleo.com/wp-content/uploads/2024/06/untitled-design-768x961.png)
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.
![Scott Aitken](https://seacrestpetroleo.com/wp-content/uploads/2023/02/scott-aitken.jpg)
Scott Aitken
Board Member and President of the Executive Committee
Scott Aitken has 30 years of experience within management and engineering, mainly within the oil and gas industry. Aitken has 16 years’ experience as a chief executive officer, 6 years’ experience at regional management level and 6 years in petroleum engineering and asset management. Aitken is currently the CEO of High Power Petroleum LLC. Aitken holds a degree in Physics from the University of Strathclyde.
![Juan Alves](https://seacrestpetroleo.com/wp-content/uploads/2023/01/juan-alves.jpg)
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.
![Torgeir Dagsleth](https://seacrestpetroleo.com/wp-content/uploads/2023/01/torgeir-dagsleth.jpg)
Torgeir Dagsleth
CFO
Torgeir Dagsleth has over 30 years of experience in the oil and gas industry. Prior experience includes serving as CFO of Seacrest Capital Group, Vice President Finance of Kongsberg Automotive ASA, CFO of Terra Global Ltd and Assistant Group Controller of PGS ASA. He holds a Bachelor´s Degree in Business Management from the Norwegian Business School (BI).
![](https://seacrestpetroleo.com/wp-content/uploads/2023/11/linkedin-profile-pic-1.jpeg)
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.
![Giovanna Siracusa](https://seacrestpetroleo.com/wp-content/uploads/2023/02/giovanna-siracusa.jpg)
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.
![Thomas Kandel](https://seacrestpetroleo.com/wp-content/uploads/2023/01/thomas-kandel.jpg)
Thomas Kandel
Asset 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.
![Peter O'Driscoll](https://seacrestpetroleo.com/wp-content/uploads/2023/02/peter-o-driscoll.jpg)
Peter O’Driscoll
General Counsel
Peter O’Driscoll has served as General Counsel of the Company and Seacrest Capital Group Limited 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
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.
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.
Robert Lawson
Board Member
Robert Lawson is the Executive Vice-President and a member of the board of directors of Mercuria Energy Group. Prior to joining Mercuria in 2022, Mr Lawson spent 32 years working at BP in its upstream, downstream and trading businesses, including as commercial vice president for BP’s refining and marketing business and as global head of M&A. Mr Lawson is also a non-executive director of London-listed Serica Energy plc.
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.
[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.
Corporate Governance Documents
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
Robert Lawson
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.
Jose Alcides Santoro Martins
Martin Backmann
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.
Jose Alcides Santoro Martins
Denis Chatelan
Martin Backmann
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.