As of December 31, 2017, the group companies employ around 4,800 people worldwide. The company`s full-time employees, who employ around 4,300 people, are spread across offices in key markets, operational land bases and the offshore fleet of ships. Another 500 work for joint ventures with two shipyards. For more information, please visit our website at www.sbmoffshore.com. SBM Offshore signed its first leniency agreement in this case in 2014, when it struck a $240 million deal with the Dutch Public Prosecutor`s Office. With the announcement of the US deal, SBM Offshore spent $475 million to cover the transactions. That figure could exceed $800 million if SBM Offshore signs a leniency deal in Brazil for the currently proposed figure. Read more The agreement also provides for a 95% reduction in future performance bonuses related to the leasing and operating contracts of the Cidade FPSOs of Anchieta and Capixaba, an agreed face value of approximately $180 million between 2016 and 2030. The leniency agreement provides for a cash payment from SBM Offshore to Petrobras for a total amount of approximately the United States.
$148 million (to be paid within 90 days), of which about $71 million $US is a civil fine and about $77 million $US compensation for alleged damages. SBM Offshore and Petrobras will normalise commercial tendering relationships, with SBM Offshore now able to compete effectively for new business opportunities. The Brazilian element of SBM`s offshore investigation concerns allegations that the company`s executives bribed Petrobras officials between 1996 and 2012. The DOJ appears convinced of the value of SBM Offshore`s resolutions in Brazil, as it said in its press release announcing the U.S. transaction that the value of the three-year deferred lawsuit agreement was calculated taking into account the “payment of penalties that may be paid” to Brazilian authorities. SBM Offshore NV (SBMO. AE) said it had agreed to pay $189 million and lose future bonuses to Petroleo Brasileiro S/A PETR3 as part of a leniency agreement signed with Brazilian authorities and state-owned oil company Petrobras. The company is again invited to participate in Petrobras` tenders under the same conditions as the other bidders. In the leniency agreement, Petrobras states that petrobras will not take action with respect to conduct covered by the leniency agreement that could compromise SBM Offshore`s ability to conduct operations in Brazil.
Erik Lagendijk, Head of Governance and Compliance, member of the Board of Directors, said: “We are delighted to have reached an agreement following the recent agreement with Petrobras and the Brazilian authorities to remove uncertainties about the risk of litigation that remains regarding our historical charges inherited from the past in Brazil.” In accordance with the terms of the leniency agreement, CGU, AGU and Petrobras undertake to close their investigations into the company and not to initiate new legal proceedings under the Law of Immobility, the Anti-Corruption Law and the Law of Public Procurement concerning charges inherited from the past in Brazil. . . .