Ocyan Relatório Anual 2020

Table of Contents

Presentation Annual

Message of the president report

Ocyan

Corporate governance2020

Strategic vision

Economic- financial performance

Social commitments

Environmental commitments

Reporting process

GRI Content Index

Corporate information Ocyan Annual Report 2020 1A Table of Contents

Presentation Presentation 3 Economic-financial performance 24

Message of A message of the president 4 Operational results 24 the president

Ocyan 6 Financial results 26

Ocyan 2020 highlights 8 Social commitments 28

Corporate Main indicators 10 Internal audience 28 governance

Corporate governance 12 Health and safety 37 Strategic vision Compliance 13 External audience 39

Economic- Risk management 17 Environmental commitments 44 financial performance Strategic vision 18 Responsible management 44 Social commitments Business orientation 18 Conscious use of resources 44

Environmental Sustainability management 18 Climate changes 48 commitments Dialogue 20 Reporting process 50 Reporting process Innovation 22 Gri content index 54

GRI Corporate information 62 Content Index Table of Contents Corporate information Ocyan Annual Report 2020 2A Table of Contents

Presentation

Message of the president Ocyan’s Annual Report presents its Development Goals (SDGs), together social and environmental data were main activities and results for the period with Agenda 2030, a United Nations internally checked. The Sustainability from January 1st to December 31st, 2020, document that presents concrete area was responsible for the survey of Ocyan including financial and non-financial measures to promote sustainable the GRI content items, as well as the information, risks and opportunities development, with 2030 as the target complementary information. |GRI 102-56| related to its economic, environmental year. These topics are detailed in the Corporate and social performance, which are item Materiality Process, on page 55. The independent auditors’ report and governance relevant to its shareholder and other the consolidated financial statements, stakeholders. The company publishes its Throughout the report, contents and a list of the entities included, are Strategic results annually, and the last document, complying with GRI requirements and available for stakeholder’s consultation vision with information from 2019, was commitments to the SDGs and the (shareholders and investors) at the published in May 2020. Global Compact (GC) are highlighted. company’s institutional website: |GRI 102-50, 102-51, 102-52| , under Investor Economic- www.ocyan-sa.com financial The financial statements of Ocyan S.A. Relations. |GRI 102-45| performance This document was prepared in for the fiscal year ended December 31st, accordance with the Global Reporting 2020 are presented in accordance with Initiative (GRI) Standards, as Essential accounting practices adopted in Brazil, Social commitments option. The content presented follows including the guidelines issued by the the correlation between the nine priority Brazilian Accounting Pronouncements subjects for the business, listed in a Committee (CPC), and the International Environmental materiality study carried out in 2020, in Financial Reporting Standards (IFRS) commitments addition to include the commitments of the International Accounting related to the United Nations Global Standards Board (IASB), and have been Compact and the Sustainable audited by independent auditors. The Reporting process

GRI Content Index The photos in this report were produced before the Covid-19 pandemic. Presentation

Corporate information Ocyan Annual Report 2020 3A Table of Contents

Presentation

If there is a word that perfectly sums channel to facilitate dialogue with the Itajaí - the Australian Karoon -, ensuring up the year 2020 for Ocyan, it is internal public - onshore and offshore. its operation up to 2026, and a new Message of the president overcoming. From the perspective of We upgraded the office environments chartering contract, for Norbe VIII, and the crisis triggered by the Covid-19 for the return of on-site activities and for the provision of services, for the pandemic and the volatility of oil prices, adapted them for the new flex office work Maintenance and Offshore Services it was an extremely challenging year design, incorporated as a good practice business. That is an irrefutable proof that Ocyan of absolute focus on caring for people in definitive. And we launched the Staff our assets, our performance, and our and working hard to ensure the health Member Support Program (PAI), with competitiveness are positioned among and safety of our personnel and the support actions for the staff members the best players in the market. Corporate safe operation of our assets. From the and their dependents in times of hardship, governance economic-financial point of view, it was such as psychological, financial, and legal Another 2020 highlight was the a year of historical records. assistance, among others. successful completion of the Strategic independent monitoring work that vision Our leadership and quick response to As a result of these and a series of other had been conducted, due to the the crisis, including the elaboration of awareness-raising and culture-building Novonor (formerly Odebrecht S.A.) Plea a support committee holding weekly initiatives, we achieved our best safety Bargain with the U.S. Department of Economic- financial meetings, helped us move forward, result of the year, with a Recordable Justice (DOJ) since March 2017. The performance even with the adversities that arose Incident Frequency Rate (TFIR) of 0.38, completion of this challenging process throughout the year. The offshore placing us among the best performances is a cause for pride and celebration, as activities remained safe, complying with in the worldwide industry. We also had it places Ocyan among the companies Social commitments the health and safety protocols issued by the best operating result, with assets with the most efficient Compliance the authorities and the Contingency Plan performing above the goals agreed upon, Systems in the world. There were developed for the handling of this crisis. which ensured an excellent evaluation of many changes in this period, which Environmental our operations by Petrobras and a result required dedication and commitment commitments We took the same care with onshore measured by EBITDA of R$ 2.4 billion, from all staff members, especially the workers, embracing remote work at the which represents a growth of 43.5% in Compliance and Finance teams. very beginning of the pandemic. Several comparison to 2019. Reporting process initiatives were adopted to lend more We have also advanced with the voice to the safety culture, such as the At the operational level, we achieved sustainability agendas, by carrying launch of the 10 Commitments to Fighting important victories to ensure the growth out a new materiality process, through A Message of GRI Covid-19 and the Ocyan Comunica and continuity of the business. We won which we identified the most relevant Content Index Platform, an interactive and collaborative a new client for the FPSO Cidade de business subjects, the ones that will the President |GRI 102-14| Corporate information Ocyan Annual Report 2020 4A Table of Contents

Presentation

drive our performance strategy in the coming Despite the excellent results achieved so far, Message of the president years; and innovation, with the creation we understand that there is still a long way to of the Innovation and New Businesses go. That is why, also in 2020, we developed Board, focusing on the development of the Social and Environmental Responsibility solutions that bring more efficiency and Platform, seeking new opportunities in Ocyan growth opportunities to the industry. This the social and environmental areas that development is in line with our commitments contribute to the communities where we to the United Nations Global Compact operate. Likewise, we aim to collaborate in our Corporate and Sustainable Development Goals, and customers’ strategies to reduce their carbon governance the integrated vision that considers ESG footprint through sustainable, innovative, and (environmental, social, and governance) efficient operations. Strategic aspects for the oil and gas market. vision I want to conclude by thanking all our staff, All these actions, in addition to others shareholders, customers, suppliers, and other described in detail throughout this Annual business partners. Thank you for supporting Economic- financial Report, have resulted in a significant us in each of these achievements. I hope that performance improvement in the corporate reputation 2021 is not only a year of resumed growth for index among our staff members. It was a the oil and gas industry, but a year of healing. 13.8-point leap in three years, going from The world needs hope. Social commitments 63.4% in 2017 to 77.2% in 2020, the result reflects the company’s care about people and Roberto Bischoff validates the set of strategies adopted by the CEO Environmental management, based on the consolidation of commitments the best market practices.

Reporting process

GRI Content Index ODN II

Corporate information Ocyan Annual Report 2020 5A Table of Contents

Presentation A pioneering company in the Purpose • Excellence in the pursuit of the Brazilian oil and gas industry, energy that drives the world. Message of the president Values with complete solutions to • Safety First: All necessary actions are taken to safeguard the lives of the staff members Ocyan serve the customer and the entire environment;

Operating since 2006 in the oil and gas subsea infrastructure; chartering and • Reliable Partnership: Corporate upstream offshore industry, Ocyan S.A. operation of offshore production units; Commitment to deliver to the governance is proud to be a Brazilian company with and offshore maintenance and services. customer all that has been extensive operational knowledge and |GRI 102-2| promised, to build relationships Strategic technological know-how, which gives of trust; vision it the status of being one of the most With its administrative headquarters complete and safe options for doing located in the city of Rio de Janeiro, • Commitment to Society: Ethical business in this market. |GRI 102-1| the company operates two logistic and clear actions, with a focus Economic- financial support bases: one in Macaé (RJ) and on sustainable development. performance With 100% of its capital controlled by one in Itajaí (SC) - as well as an office in Novonor - formerly Odebrecht S.A. Austria. Its assets are composed by five Personality - Ocyan has been reinventing itself drilling units, four drilling vessels and one Social commitments in the last few years to keep up with semi-submersible platform, in addition • Transparency; the changes in the global oil and gas to two Floating Production Storage and • Capacidade técnica; market. The company, which took on a Offloading (FPSO) vessels.| GRI 102-3, 102-4| • Determination. Environmental new name and brand in 2018, has been commitments working to improve and modernize its Ocyan ended the year 2020 with operations and expand the range of 1,696 effective staff members. Its net Audience services offered to customers, relying revenue totaled R$ 3.2 billion, 24.1% • Companies with operations Reporting process on its human capital and innovation as higher than the amount recorded in in the oil and gas upstream strong allies in this journey. |GRI 102-5| 2019 (R$ 2.6 billion). EBITDA totaled industry that seek a partner with R$ 2.4 billion, 43.5% more than the strategic vision and technical GRI The company provides its services in previous fiscal year (R$ 1.66 billion), capability to propose solutions Content Index the areas of offshore rig chartering and with an EBITDA margin of 73.6% of excellence that will enhance Ocyan operation; supply and installation of versus 63.7% in 2019. |GRI 102-7| their business. |GRI 102-6|

Corporate information Ocyan Annual Report 2020 6A Table of Contents

Institutional Compliance Customers People Presentation Modernization of the corporate office, Efficiency Certificate of Compliance New customer acquisition: Contract with Launch of #ExperiênciaOcyan, a new adapted to the flex office design, and System issued by the U.S. Department the Australian company Karoon ensuring people management program, inspired safety environment of the Macaé of Justice (DOJ), following the the operation of FPSO Cidade de Itajaí by the UX (user experience) models, Message of the president operational base. completion of independent monitoring up to 2026; which aims at following up the career work that began in March 2017; development of the staff member; BADs 10 record, a document issued and the SeaConnect platform, which Governance Launch of the Anti-Bribery and Anti- by Petrobras that evaluates the technologically combines, in a single Ocyan Appointment of the first black woman Corruption Policy. performance of the contracted assets tool, main management systems used independent director on the board of and measures customer satisfaction. by the company; directors in the oil and gas sector in There were 38 in total. Corporate Brazil; Launch of the Race & Ethnicity Affinity governance Sustainability Group, as part of the Diversity & Odebrecht Group - Ocyan’s controlling Carrying out a new process to identify Society Inclusion program; Strategic shareholder - presents its new name the most relevant subjects for the Development of the Socio-environmen- vision and brand to the market: Novonor, a business, with the participation of the tal Responsibility Platform, with two lines Creation of the Staff Member Support company born inspired by the future; company’s directors, board members, and of action: Local and Human Development Program (PAI), with actions to help staff stakeholders. Building the Ocyan 2020 and Environmental and Climatic Proac- members in times of need. Economic- financial Creation of the Innovation Committee, Materiality Matrix; tivity, following the strategic axes of ap- performance ad hoc to the Board of Directors preciation of the social, environmental, and focused on supporting the Best Recordable Incident Frequency and economic capitals; implementation of the Executive Rate (TFIR) - 0.38, an all-time record for Strategy Social commitments Board in charge of subjects related to the second year in a row, surpassing the Support initiatives to stimulate entrepre- Structuring of the Innovation and New Innovation and New Businesses. industry’s benchmarks; neurship in the surrounding communities Business Board, with a focus on the and generate new job and income op- development of technologies that Environmental Actions to fight Covid-19 structured on portunities during the pandemic. Among provide more efficiency to operations commitments several fronts, such as: Crisis Committee; them, a professionalizing course in sew- and growth opportunity; Contingency Plan; carrying on more than ing for residents of Rio de Janeiro’s poor 11,000 PCR tests; launching of the New communities; donation of material for the Construction of the Strategic Reporting process Coronavirus Booklet; launching of the 10 making of 45,000 face masks for distri- Planning including short, medium, and Commitments to Fight Covid-19; bution in the communities themselves; long-term horizons, focused on the 2020 continuity, expansion, and preparation GRI Development of the ESG strategy, Donation of 3,600 personal protective of the company for disruptive market Content Index including long-term commitments to equipment (PPE) that were directed to movements, especially those related to Highlights environmental and social risks. the Public Hospital of Macaé. energy transition and digitalization.

Corporate information Ocyan Annual Report 2020 7A Table of Contents Awards and recognition Innovation Finance

nd Presentation IIA MAY Brazil (International Internal Ocyan Waves: The 2 edition of the EBITDA totaled R$ 2.4 billion, 43.5% more Auditing Awareness Month Award), program took place with 75 challenges than the previous fiscal year with an awarded by the Institute of Internal launched, 106 registered startups, and EBITDA margin of 73.6%; Auditors of Brazil (IIA Brazil): Ocyan was four pilot projects under development; Message of the president the winner for the third year in a row; Facilitation of an important financial Ocyan Smart: completion of the sixth negotiation related to the extension of Operational Excellence Program (PEO system dimension, covering real-time the FPSO Cidade de Itajaí contract up Sondas), awarded by Petrobras. Ocyan BOP (Blowout Preventer) monitoring, to 2026 with a new client (Karoon); Ocyan was the winner in the categories allowing failure prediction; Best Performance in Prequalification An important milestone regarding the Requirements and Best Performance in Launch of Rig View 360º, a technology approval of the maturity level of financial Corporate Human Resources Management; that allows the virtual tour of offshore processes and controls, as part of the governance assets. The new tool was awarded successful completion of the Independent Best Suppliers, awarded by Petrobras: the Highlight Award - granted by Monitoring process conducted by the Strategic Ocyan was the winner in the Offshore the Novonor Group - in the Young U.S. Department of Justice (DOJ), which vision Drilling Rig Operation category; Members category. began in March 2017.

Jatobá 2020 Award (Excellence Economic- financial and Innovation in Public Relations), Operational Communication and image performance granted by the Grupo Empresarial de Comunicação (Gecom): Ocyan was Best economic uptime in the company’s Strong corporate reputation index among ranked among the five finalists in the history: Offshore Drilling, with 102.8%, and staff members, with a reach in the year of Social commitments Business Purpose category. Offshore Production, FPSO Cidade de 77.2 p.p., according to a survey conducted Itajaí with 99.56% and FPSO Pioneiro de by The Global RepTrak consulting firm, an Libra with 99.54%; increase of 13.8 points from 2017, when it Environmental was first conducted; commitments Petrobras re-hired Norbe VIII, one of Ocyan’s five drilling rigs, for another Launch of the interactive channel charter period; Ocyan Comunica, aimed at facilitating Reporting process communication with staff members during Expansion of the business portfolio in the the remote work period; 2020 Maintenance and Offshore Services area, GRI which now offers Instrument Calibration Best image rating, positive exposure Content Index services to the market. in the press, in Ocyan’s history. Highlights FPSO Pioneira de Libra

Corporate information Ocyan Annual Report 2020 8A Table of Contents

Main indicators |GRI 102-7| Presentation

Revenue (R$ million) Financial (R$ million)

Message of the president Gross revenue Net revenue Shareholders’ equity

3,252 3,286 3,130 3,240 2,372 2,352 2,931 Ocyan 2,864 2,773 2,848 2,670 2,610 1,920 1,863

Corporate governance

Strategic vision 136

2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Economic- financial performance People Social EBITDA Number of employees Total assets commitments 73.6% 4,110 16,585 15,635 15,166 61.4% 14,316 Environmental 63.7% 2,386 3,434 13,765 54.2% commitments 53.5% 1,748 1,698 1,663 2,295 1,483 2,068 Reporting 1,696 process

GRI Content Index 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020

EBITDA margin Corporate information Ocyan Annual Report 2020 9A Table of Contents

Presentation Accountable management, with transparency

Message of the president and ethical commitment in relationships with

stakeholders |GRI 103-2, 103-3_201| Ocyan

Committed to the continuous adopted a new name. Novonor is the Board of Directors improvement of its business, Ocyan union of the words new and north in Corporate pursues the best governance practices Portuguese and represents the power It is in charge of electing the governance in the market, focusing on transparency, of renewal and a confident look toward Executive Board and the Business equity, accountability and corporate the future. More information about the Leader (Chief Executive Officer), and Strategic responsibility, principles that it new brand and the Group is available at of setting the general direction of the vision considers fundamental to achieve http://www.novonor.com.br/en. |GRI 102-5| business - in the economic, social, results that maximize the creation of and environmental areas - purpose value and the alignment of the interests and values, and monitoring the Economic- Governance structure financial of its stakeholders. |GRI 102-18, 102-19, 102-22| ODS5, ODS16 implementation and results through performance reports from the Executive Board, Its governance is based on its Purpose, The governance structure at Ocyan among other duties set forth in the Values, Personality, and Audience and consists of the Board of Directors, Articles of Incorporation. It may also Social commitments is guided by institutional laws and Executive Board, and permanent resolve on the formation or dismissal decrees that govern the oil and gas Advisory Committees, in addition to the of committees or working groups. industry in Brazil and worldwide, in general guidelines and policies that guide Environmental addition to its own guidelines and other the business. • Seven members, two independents, all commitments normative documents. nominated by the controlling company The highest decision-making body and elected at a Shareholders’ Meeting. Ocyan is a closely held corporation and is the Shareholders’ Meeting, through Reporting process its controlling interest is owned (100%) which shareholders, directors, and • No member holds an executive by Novonor (former Odebrecht S.A.). members of the Board of Directors meet position, including its president. Inspired by the future, the controlling regularly once a year and, extraordinarily, |GRI 102-23| ODS16 GRI company rebranded and in late 2020 whenever necessary. Content Index Corporate governance Corporate information Ocyan Annual Report 2020 10A Table of Sumário Contents Executive Board Permanent Advisory Committees has been appointed as the company’s Compliance ApresentaçãoPresentation Data Protection Officer. Among other It is responsible for taking the necessary actions The Permanent Committees are composed activities, the professional will be in |GRI 103-1, 103-2, 103-3_205_206_307_412_419| for the regular functioning of the operations, in of board members who support the decision- charge of acting as a communication the economic, social, and environmental areas, making process by monitoring the issues in channel among the company, the Acting ethically, with integrity and transparency MessageMensagem of dothe presidente president among other attributions set forth in the Articles greater depth. Its attributions are described data subjects, and the National Data is part of the commitment assumed by Ocyan of Incorporation. Its members stand out for their in Ocyan’s Governance Policy and in the Protection Authority (ANPD). in the search for sustainable development. To expertise and experience in different business Regulations of the Board of Directors. reach this triad and ensure the consolidation of areas, and independence in some instances. In Visit www.ocyan-sa.com/en/compliance this culture among its staff members, it relies on A Ocyan 2020, the non-statutory Crisis Committee was • Finance and Investments Committee to learn about the Policies and Guidelines an efficient Compliance System, whose main established to advise on fighting Covid-19. that govern Ocyan’s operations: focus is to identify and remedy any misconduct, |GRI 102-20| • Culture, Communication, People and whether in its operations, or in the relationship GovernançaCorporate Sustainability Committee • Compliance System Policy with its staff members and other stakeholders. governancecorporativa • Eight directors, including the company’s CEO, six of them are officers. • Audit and Compliance Committee • Anti-Bribery and Anti-Corruption Policy Since 2016, when it began to dedicate itself StrategicVisão strongly to compliance topics, the company estratégicavision • Legal Affairs Policy has continuously implemented improvement Ocyan Policies actions in the System, enabling the development • Corporate Data Protection Policy of new controls and the improvement of existing DesempenhoEconomic- |GRI 102-16| ODS16, PG10 econômico-financial processes. performancefinanceiro To conduct its business and relationships • Risk Management Policy according to the highest moral and ethical Ocyan’s Compliance System consists of a standards and in strict compliance with • People Policy set of measures prepared with the objective CompromissosSocial commitmentssociais applicable domestic and foreign laws, Ocyan of orienting, preventing, detecting, interrupting, has adopted a set of regulations and policies. • Information Technology and and correcting irregularities, in a structured, The documents are constantly updated, and Security Policy continuous and sustainable manner, within the CompromissosEnvironmental training sessions are held on a regular basis. best market practices. commitmentsambientais • Corporate Governance Policy Aiming to adapt to the Data Protection Law Besides making use of the most modern (LGPD), sanctioned in 2020, the company • Sustainability Policy technology, with tools that make the ReportingProcesso deprocess relato started the process of preparing the management of compliance processes more Guidelines and Procedures related to the • Financial Policy efficient, the System also assists in the training, topic. Now, in compliance with the new law, not only of staff members, but also of their Sumário de GRI an executive from the legal department • Communication Policy suppliers and contractors. It is worth highlighting, conteúdo Content Index da GRI for example, the e-learning that is part of the integrity due diligence process - an initiative aimed at assessing the risks of outsourced InformaçõesCorporate corporativasinformation Ocyan RelatórioAnnual Report Anual 2020 2020 11A11 Table of Contents

companies prior to contracting - which every the staff member to individually monitor Presentation year allows the company to develop and train the status of his or her participation in the a larger number of people from outside the compliance actions throughout the year. company on compliance topics. Available for access through the company’s intranet portal, it contains information Message of the president The System is managed by the Compliance of interest to the staff member, such as said that the Ocyan Also in 2020, after 3 years and 9 months of Board, composed of ten members, and attendance to mandatory and voluntary Compliance System independent external monitoring, resulting monitored by the Board of Directors and by the actions offered throughout the year by the 98% contributes to a more from the plea bargain entered by Odebrecht Audit and Compliance Committee, consisting Compliance Board, for example, in training, ethical environment; S.A. (now Novonor), Ocyan’s Compliance Ocyan of two independent board members, one of lectures, attendance to the filling out of forms System received positive opinions from the whom is the coordinator of the Committee. In and declarations. US and Brazilian authorities attesting to the addition, the program is audited annually by an think the tool is important for efficiency of its controls and processes. Corporate external auditor. Through a system of points for each action the future of the company, even governance provided, the staff member receives virtual 95% after the end of independent The work of monitors included detailed Another advantage of the solution is its team medals and can win a virtual trophy, which monitoring; assessments of the key elements of an Strategic of Ethics Agents, consisting of 55 volunteer means that he has fulfilled all the mandatory effective compliance program, including top vision members who contribute to the study and actions and attended most of the voluntary management commitment, risk assessment, evaluation of human behavior within the actions, proving his degree of commitment to stated that they training, communication, disciplinary company in a predictive manner, supporting the System. questioned the leader measures, complaint mechanisms and Economic- 95% financial the prevention work carried out by the when they identified investigations, third party management, performance Compliance area. Proven efficiency any irregularity; internal audit, financial controls, and relations with public officials, among others. The training of these agents is done both Since 2019, the Compliance System Social commitments internally, through training that covers Ocyan’s has undergone an annual performance Still regarding external reviews, the Compliance System, and externally, through assessment, carried out by an independent know about the Ethics Improvement Plan required by Petrobras, partnerships with the Institute for Behavioral external auditing firm. Since then, it has proven 99% Line Channel; because of the unblocking of enrollment Environmental Risk Research (IPRC) and the Getúlio Vargas to be suitable, sufficient, and capable of that occurred in 2018, was evaluated in commitments Foundation (FGV), which actuate by training mitigating risks and non-compliances, always 2020 by one of the independent monitors, the group to prevent and assess possible with opportunities for improvement that are who considered the actions of the Plan duly deviations in conduct that may cause risks to part of the continuous improvement process. implemented, concluding this report without Reporting process the company. would report it if they were reservations, reinforcing once again the For the fourth year in a row, the Annual 86% aware of any misconduct. efficiency and effectiveness of the Ocyan As a result of all this work and of the greater Compliance Survey had the spontaneous Compliance System. GRI engagement between the responsible area and participation of 351 members, who assessed Content Index the staff members, in 2020 the Compliance the program’s maturity level and evolution over Checklist was created, a tool that allows the last cycle. Highlights include:

Corporate information Ocyan Annual Report 2020 12A Table of Contents Ethics Line Channel Internal audit Fighting corruption Presentation |GRI 102-17| ODS16, PG10 Created in 2017, the Internal Audit area, Although Ocyan was not involved in the The Compliance System includes a set of In 2020, 97 reports were registered, which an independent structure that reports to illicit activities related to Operation Car internal and external communication and demanded 33 cases of investigation, of which 14 Ocyan’s Board of Directors through the wash, the fight against corruption has been Message of the president interaction mechanisms for its various were considered justified (42%) and 15 unfounded Audit and Compliance Committee, plays a permanent focus of attention inside and stakeholders to seek guidance and advice (45%), while 4 (12%) were under analysis at the a key role in evaluating the effectiveness outside the company, especially about the on ethical and legal behavior, as well as on end of the year. A total of 20 disciplinary measures of the company’s internal processes and recovery of its image before the public. issues related to organizational integrity, and were applied as a result of the investigation and controls. In 2020, 12 audit works were Ocyan to report concerns and complaints about accountability process, including three dismissals carried out focused on the evolution of The topic, which is directly related to the illegal practices. with cause and one suspension. |GRI 406-1| internal controls in alignment with the best topic Ethics and Integrity - indicated as being market practices. the most relevant in the company’s last two Corporate The most important of them is the Ethics The effectiveness of the Ethics Line channel is materiality processes (see page 55) - is part governance Line Channel, exclusive for secure and, if evaluated through the annual survey conducted Ocyan won this year, for the third of its corporate governance and business desired, anonymous reporting of conducts with its staff members. In 2020, 82% of them consecutive time, the IIA May Brazil strategy, being addressed in the various Strategic that violate the Ocyan Code of Conduct and/ reported being satisfied with the solution. The Award, a recognition from the Institute of training and communication actions carried vision or any policy, guideline, internal regulation satisfaction level of those who necessarily Internal Auditors for the corporate actions out during the year for the onshore and and legislation in effect. The information used the service is not evaluated, but rather carried out to disseminate the importance offshore members and in the business area, registered through the channel is received by the perception about the integrity that the staff of internal auditing in favor of the good through the integrity due diligence process. Economic- financial an independent and specialized company, member has about the channel in general. practices adopted in the industry. performance which ensures absolute confidentiality and The company also relies on several non-retaliation to the complainant. In addition to the Ethics Line, it is also possible In 2020, the Continuous Audit front was regulations that deal, to a greater or to communicate with the company through consolidated, which consists of following lesser extent, with the theme of corruption, Social commitments The channel can be accessed through the following channels: corporate e-mail of the up, with appropriate regularity, on the among them the new Anti-bribery and Ocyan’s institutional website, right on the first Compliance area (conformidade@ocyan-sa. red flags identified in the internal audit Anti-corruption Policy, applicable to all page, in the top menu called “Ethics Line”, com); through the intranet, on the Ocyan Portal; work. Also, this year, the business and members, including the CEO and members Environmental through the intranet, directly through the through Ocyan Comunica (app for smartphones corporate areas relied on the support of of the Board of Directors, and other commitments electronic address www.linhadeeticaocyan. launched in 2020); through Contact Us, on the the Advisory front, assessing the process persons or entities that work with, for, or com.br or even by telephone (Domestic: 0800 institutional website (www.ocyan-sa.com/en); risks for the construction of control points. on behalf of Ocyan, in Brazil or abroad. 377 8020 / International: +55 11 2739-0985), or through the Ethics Committee, composed Both initiatives are focused on reducing Created in 2020, the document combines Reporting process available 24 hours a day, seven days a week, of four members of the Board of Directors and risks in operations and maximizing principles and guidelines regarding the in two languages (Portuguese and English). coordinated by the Chief Compliance Officer. financial performance, in addition to prevention and fighting against bribery and All members receive guidance on the solution assisting the company in achieving its corruption, in alignment with the Anti-Bribery GRI during the compliance training sessions and strategic objectives. As a highlight, the Management System (SGAS) and Ocyan’s Content Index by means of internal communication actions area implemented continuous monitoring Code of Conduct. on the intranet, on bulletin boards, smartphone of 18 key controls of the company, through apps, and television, among others. Continuous Audit. Corporate information Ocyan Annual Report 2020 13A Table of Contents

Presentation In 2020, the Code of Conduct and the In numbers, 98% of the target audience Compliance System Policy were revised and participated in the training provided, updated, and a training on the e-learning including the anti-corruption training, which format was offered to all staff members. In includes 100% of the Board of Directors Message of the president addition, specific training was given to the members. Since 2017, when Ocyan’s areas and staff members that were most Compliance System was launched, no cases sensitive to the risks mapped, as well as for of corruption have been detected or proven. third parties mapped as medium and high risk. |GRI 205-2| ODS16, PG10 Ocyan

Corporate governance 5-Year Compliance System Retrospective

Strategic vision 2016 2017 2018 2019 2020 Economic- financial performance Restructuring of Structuring of Launch of the Policy Partnership with Implementation of the Compliance the Internal Audit on Corporate Risk the Institute for the Anti-Bribery area; Launch of area; Launch of Management; Creation Behavioral Risk Management System Social commitments the Compliance the Ethics Line of the Risk Committee; Research (IPRC) (SGAS) with emphasis System Policy; Channel; Review Execution of the Industry to carry out on the launch of the Voluntary of the Corporate Integrity Pact, an initiative pioneering work to Anti-Bribery and Anti- Environmental adherence to the Risk matrix; of the Brazilian Institute train Ethics Agents; Corruption Policy; Launch commitments United Nations Implementation of of Oil, Gas and Biofuels; Creation of the of the Compliance Global Compact, the due diligence Execution of the Corporate Annual Compliance Checklist; Review of the and to the Business process for Movement for Integrity Statement and the Code of Conduct and Reporting process Pact for Integrity Integrity of Third and Transparency of the DDI Portal for the the Compliance System and Against Parties; creation Ethos Institute, launch of the management of due Policy; Approval of Corruption, of the of the Ethics Ethics Agents Program; diligence processes; independent monitoring. GRI Ethos Institute; Committee; Content Index

Corporate information Ocyan Annual Report 2020 14A Table of Contents

Presentation strengthening the risk culture, in order to In 2020, the main actions taken were the Ocyan’s risk management methodology Risk management increase the probability of achieving the goals execution of the risk assessment on projects, has as methodology references ABNT NBR |GRI 103-1, 103-2, 103-3_201, 102-15| outlined at an acceptable level of risk, with the the review of Ocyan’s corporate risks, the ISO 31000:2018 and COSO - Enterprise Risk preservation of integrity and safety of people, review of the Risk Management Policy, Management 2017, with adaptations to the Message of the president In constant development and aligned with the the environment and communities, in addition the drafting of the Risk Guideline, as well specifics of the business in terms of structure, best market practices, Ocyan has consistently to safeguarding the tangible and intangible as approval of the Risk Appetite by the culture, information flows and integration improved its risk management processes assets of the company. Business Leader and Board of Directors. processes. |GRI 102-29| ODS16 and practices, through critical analysis and Ocyan implementation of enhancements, which are The risk management process is part of the identified from the experience of the work Risk management process Action Program (PA) cycle, and the priorities teams in the execution of the risk management and targets resulting from this process are Corporate processes, benchmark studies, in addition to included in the PA of the CEO and other governance the technological evolution of the data capture, Estabelecer 1 2 Identifying leaders in Ocyan and its controlled companies. analysis and treatment process. o contexto the risks In addition, the company establishes that Strategic new projects must undergo risk evaluation vision With the support of the Risk Management prior to the submission of proposals. This Group, which is composed of professionals prerogative is also valid for current contracts, from different areas of the company, Continuous with visualization of significant changes in Economic- financial and reports directly to the CEO, the Risk improvement 8 3 Rating the agreed bases, scope, context, among performance Management Policy is kept alive and always the risk others. The topic is periodically reviewed at updated in its definitions, terms, information committee meetings and, every six months, is flows, and purposes, which range from Risk reviewed by the Board of Directors. Social commitments defining the context, to identifying, assessing, management |GRI 102-30, 102-31| prioritizing, treating, communicating, and monitoring the risks of the business activity at Ocyan also adopts a series of management Environmental the corporate, business unit, and project levels. Reporting & 7 Identifying and measures to ensure, along with audits, commitments monitoring 4 classifying certifications and applied training, that the The aspects raised during the reviews are mitigation Precaution Principle is applied and complied classified and arranged in a matrix of risks controls with in all operations. This principle provides Reporting process parameterized with probability and impact a guarantee against potential risks which, criteria, to assist in the process of prioritizing according to the current state of knowledge, risk scenarios and decision-making and Developing a 6 5 Performing risk cannot yet be identified.| GRI 102-11| GRI response plan for analysis and Content Index the main risks prioritization

Corporate information Ocyan Annual Report 2020 15A Table of Contents

Presentation Excellence in the pursuit of the energy that drives the world Message of the president

For this purpose, Ocyan expects to energy market. Its proposal is to provide the energy transition, one of the main engage the staff members and reinforce the market with complete solutions, risks of the industry today. Ocyan its position as one of the major players in by offering services that range from the offshore oil and gas upstream industry engineering design and management As a result of Strategic Planning, the in Brazil and worldwide, in addition of offshore projects to the complex company’s business plan - also called Corporate to expanding its participation in the operation of an oil platform. the CEO’s Action Program - establishes governance the strategies and the enablers to achieve the established strategic Strategic principles, and its management includes vision Business orientation the entire governance that governs it. |GRI 103-1, 103-2, 103-3_201| Ocyan relies on a solid management Economic- financial To achieve its objectives, the company • Strengthen the Core Business process, supported by several performance implemented, along with its regular by solidifying Ocyan’s prominent quality certifications and prioritizing planning cycle, a new Strategic Planning presence in the Brazilian offshore the commitment to operational model, with the objective of ensuring industry; excellence, innovation, human capital Social commitments the achievement of short-term goals, development, financial health and socio- medium-term objectives and also the • Expand the Core Business by environmental responsibility, with safety paths to be followed with a focus on the positioning itself as a niche player as the highest commitment. Environmental long term. and partner of independent and commitments International Oil Companies in Brazil; The political-strategic alignment and the practice of the Action Program Cycle Future Ocyan: Strategic focus • To reach New Frontiers by occur in the Meetings of the Board of Reporting process on three pillars contributing to an economy of Directors, as well as in its Committees, in reduced carbon emissions, more accordance with the annual calendar and Ocyan’s Strategic Direction and vision for efficient and sustainable operations, in the interaction, whenever necessary, GRI the future are based on three main pillars: and by constructing conditions for the between the Ocyan Business Leader and Content Index creation of new businesses related to the Chairman of the Board of Directors. Strategic |GRI 102-26| vision Corporate information Ocyan Annual Report 2020 16A Table of Contents

The adopted growth strategy takes into Another focus of the company has been on issues, and the urgency of measures that Presentation consideration the inherent risks of the the strategic principles enablers that are address ESG (social, environmental, and business, the vision of the stakeholders and fundamental for the successful execution of governance) aspects. Along with this Strategic the market environment and trends in which Ocyan’s strategy and preparation regarding crisis, the adoption of the United Nations Agenda 2021 the company is inserted, encompassing its future trajectory. These enablers include a Sustainable Development Goals (SDGs) and Message of the president environmental, regulatory, socio- robust financial strategy, relentless focus on the recent Paris Agreement has made the cultural, financial, macroeconomic, and organizational efficiency, and active business issue gain more relevance and notoriety. Ensure technological factors. Additionally, socio- leadership. Innovation and digitalization operational excellence environmental responsibility is part of the also play a key role, acting as levers for the Ocyan, being committed to this agenda, Ocyan strategy and all the guidelines that guide enablers. To this end, its investments in the to maintain the highest standards of Expand its management. area have been intensified in recent years, sustainability and achieve significant Offshore Production business making process management more efficient progress in global economic, social and Corporate With the intensification of the energy crisis and operations safer. environmental challenges, started in 2020 the governance Create and develop in the world, worsened in 2020 by the Covid- planning of its strategy to commit to short, new business opportunities 19 pandemic, its strategy has focused on Finally, the implementation of an integrated medium- and long-term strategies, goals, and accelerate innovation Strategic contract recomposition for existing assets ESG strategy will be an important enabler to actions and indicators that translate into vision and, more recently, on developing new contribute to the focus on developing new positive impacts for all stakeholders. Access services related to operational efficiency, technologies and thus increase the portfolio of capital adaptation energy transition, and diversification of the services offered to customers. As of 2021, the company has incorporated alternatives for the business Economic- financial customer portfolio. into its challenge goals related to the performance Agenda ESG ESG agenda, among them: reduction Pursue synergies Without giving up on the existing consolidated and neutralization of its greenhouse gas and process optimization to partnerships, such as with Petrobras - its main The oil and gas industry is one of the most emissions; better waste management; increase competitiveness Social commitments customer and long-time partner - Ocyan exposed to global sustainable development capturing opportunities in clean energy; has positioned itself as a solution for the new issues. The global agendas of transition to being a more inclusive and diverse company; Guarantee players that are arriving in the Brazilian market, a low-carbon economy and more diverse, and working closer to the communities where the rehiring of the Environmental especially independent companies that can ethical, and egalitarian societies have led it operates, aiming to improve their social Drilling Rigs commitments benefit from its expertise. In a more cautious companies to increasingly reevaluate their development and quality of life. way, but without going off the radar, it also business strategies. To consolidate continues to look for expansion opportunities in Throughout this report we describe initiatives conquests and reorganize Reporting process other countries, examining the most promising In 2020, the coronavirus pandemic widened that are connected to the ESG agenda and in the Maintenance segment markets for its business. inequalities, cast light on environmental alignment with the GRI indicators and the SDGs. Develop GRI and implement a comprehensive Content Index ESG strategy

Corporate information Ocyan Annual Report 2020 17A Table of Contents

Presentation Sustainability is an inalienable Sustainability thinking and strategies Message of value for Ocyan; its attitude is to the president • Ensure Sustainability is as an inalienable go beyond compliance with legal value, without the occurrence of severe incidents and zero tolerance to risk situations Ocyan provisions for people, operations, and the environment; • Strengthen the safety culture by focusing Corporate on continuous improvement of behavioral governance Sustainability management and human factors;

Strategic management • Manage operational process risks by vision identifying, assessing and implementing Goals for the 2021 - 2023 For Ocyan, acting towards sustainable The principles established in the the necessary barriers for primary development implies going beyond the duty Sustainability Policy - a document that containment loss prevention and Economic- period |GRI102-15| financial to comply with the laws and provisions that guides the company’s business in relation mitigation of impacts to people, performance • To establish itself as a solid com- regulate its activities. It means understanding to the theme - must be followed by its operations, assets and the environment; pany in the provision of Drilling, Oil society’s trends and priorities and complying staff members, ensuring that its business Production, Subsea Construction and with the conventions and global commitments is conducted with integrity, ethics, • To continuously reinforce the prevention and Social commitments Maintenance (onshore and offshore) applicable in each place of operation, such transparency, and responsibility. protection of the staff members’ physical, qualified services, operating in Brazil as those concerning the environment, mental, and social health, promoting wellness and abroad. development, and social inclusion. Although sustainability is a cross-cutting actions to practice healthy habits and Environmental theme in the company, the relevant improve their quality of life; commitments • To be renowned for operational It also means ensuring proper management, demands and actions are conducted by the excellence, with a focus on customer mitigating the economic and socio- Sustainability Board, which is supported • To invest in social responsibility, with diversification, financial soundness, environmental risks related to the operations, by a permanent Executive Committee, in continued actions in the communities Reporting process and proper risk management, giving in line with the Global Compact and the order to incorporate the best practices in surrounding our operations, which promote rise to attractive returns that allow the Sustainable Development Goals, UN initiatives financial responsibility, socio-environmental sustainable income generation, education, development of necessary partnerships that the company voluntarily supports. responsibility, and good governance social inclusion, and strengthen. GRI with an appropriate capital structure for Content Index its growth, both in Ocyan consolidator . and in the business.

Corporate information Ocyan Annual Report 2020 18A Table of Contents

Presentation Voluntary commitments • Brazilian Association of Petroleum channel: the Ocyan Comunica, available Social Base, through the Ocyan Waves Service Companies (Abespetro) for microcomputers, cell phones and innovation platform. The goal was to On a voluntary basis, Ocyan is part tablets. The tool, which allows access to facilitate communication with the members Message of the president of a series of initiatives and external • Brazilian Institute of Petroleum, Gas information in real time, was developed during the remote work period, and to commitments aimed at sustainability and Biofuels (IBP) in partnership with the startup company increase the synergy between the onshore principles in its business operations. and offshore audiences. |GRI 102-12| • International Association of Drilling Ocyan Contractors (IADC) • United Nations Global Compact ODN II • American Chamber of Commerce of Corporate • Sustainable Development Goals (SDGs) Rio de Janeiro (AMCHAM) governance

• Business Pact for Integrity and Strategic Against Corruption Dialogue |GRI 102-43| vision • Open Letter to Brazil on Climate Change Ocyan values open and clear dialogue with its stakeholders. For this purpose, it Economic- financial • Integrity Pact of the Oil, Gas and operates a series of channels (as shown in performance Biofuels Industry (IBP) the table below) that enable communication between the parties, besides being • Business Movement for Integrity present in the main social media: LinkedIn, Social commitments and Transparency Facebook, and Instagram. Ocyan’s Communication area is also responsible for It also includes industry and professional managing the work done by the press office Environmental associations. Its participation in these in conjunction with the major press media. commitments forums aims to discuss and present proposals related to issues of interest In 2020, as a development of the actions to its business and to the country’s implemented during the Covid-19 pandemic, Reporting process socioeconomic development, based on its the company launched the first interactive purpose, values, and principles. |GRI 102-13| and collaborative internal communication

GRI Content Index

Corporate information Ocyan Annual Report 2020 19A Table of Contents

Ocyan Comunica Reputation Survey The 3rd edition of the Reputation case, reflects the care with people Presentation |GR 102-43| Survey, commissioned from The Global and validates with the staff members RepTrak consulting firm, pointed out the strategies adopted by the Since 2017, Ocyan, in partnership with that Ocyan’s corporate reputation index company in recent years, based the Reputation Institute (now Rep Trak), among employees had a significant on the consolidation of the best Message of Connection the president with other staff has been carrying out intense reputation improvement over this period, jumping market practices. The investment in members management work, to promote constant from 63.4, points in 2017, to 77.2 points compliance, in 2017, the rebranding, improvement in its role as a company, in 2020. The increase was 13.8 points in in 2018, the launch of the Ocyan in addition to strengthening the ongoing just three years; values such as trust, Waves Programs, focusing on open Ocyan dialogue with stakeholders. admiration, empathy, commitment, and innovation, and Diversity & Inclusion, Content development were highlighted. The pride both in 2019, the launch of the from different areas at any time Year after year, the results obtained from the of working at Ocyan was highlighted by company’s Purpose, and the safety Corporate and from anywhere improvement actions undertaken have been 91.1% of the employees who participated and health actions throughout the governance positive, with the company regaining the in the survey. pandemic, through assertive and clear prestige and trust among its stakeholders, in communication and actions focused Strategic addition to the pride of its staff members in The result of the survey, indicated on the staff member’s experience, vision Sharing being a part of the company. by The Global RepTrak as a success were decisive to this breakthrough. of photos and videos

Economic- financial 2020 Ocyan Reputation Survey performance

Prod nce ucts Participation a an Social rm d fo se 86.5% 91.1% r rv in groups and receiving e i 77.2 commitments P ce publications of interest identify participants feel s

t n themselves proud to work at e m tee e Es m g I Environmental with Ocyan’s Ocyan a n 71.7 n n a A o commitments m purpose v d p a n y p t a h i r o p

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E o L n 63.4 process with the team via chat Strong when compared to 2017

t 96.1% 81.5% n e C Trust m approve the understand that it n iz ro e i 2017 2018 2020 n v GRI company’s Ocyan has advanced, s n h e ip rk Content Index o 0-39 40-59 60-69 70-79 +80 actions during in the last year, in W Birthday poor weak average strong excellent the pandemic relation to the debate G cs overn ethi around Diversity ance and Corporate List information Ocyan Annual Report 2020 20A Table of Contents

Presentation Relationship with stakeholder |GRI 102-40, 102-43|

Message of Stakeholder Communication channel the president Meetings, forums, and sectorial meetings | Institutional Website | Performance Assessment Report (PAB): issued in Customers frequencies and considerations that vary according to the Ocyan scope of each contract, the document assesses equipment and materials, human resources, facilities, and effectiveness.

Daily safety dialogues and dialogues with managers of Strategic Employees hired from vision contractor teams in onshore and offshore operations | third parties Facebook | Instagram |LinkedIn

Reporting process Regulatory bodies Meetings | Institutional site

Press Releases | Institutional Website (Press Room) | Press/media GRI Facebook | Instagram |LinkedIn FPSO Cidade de Itajaí Content Index

Corporate information Ocyan Annual Report 2020 21A Table of Contents

Presentation Innovation Waves in numbers 2020

Recognized for being a pioneer in the environmental impact, which should be Among the plans for 2021 are investments development of solutions capable of meeting announced throughout 2021, while also of $100 million to upgrade the drilling Message of 75 the president customer needs and the requirements of serving as an interface with research and fleet. Check out some of the initiatives challenges entered, regulatory bodies, Ocyan has increasingly development centers of major energy held under Ocyan’s Digital Transformation with 5 being selected focused on innovation, and each year the companies that have also been seeking Program below. |GRI 102-15| theme assumes greater relevance in its innovations in this area. Ocyan strategy for sustainable growth. Digital transformation Ocyan Waves 106 The strategic planning process for the three- registered startups Corporate year period 2021-2023, for example, imposed Since 2018, Ocyan has several innovation One of the main innovation initiatives is the governance some reflections and opportunities that and digital transformation initiatives, whose Ocyan Waves Platform. Since its release seek to position Ocyan as a transformation goal is to raise the standard of security, in 2019, a number of challenges have Strategic agent in its industry. Among the highlights with a focus on operational excellence, been rolled out from several areas of the 20 vision is the new Innovation and New Business and consequently generate new business company to startups ecosystem in search startups selected for Board, created in February this year and through a competitive differential. of innovative solutions. the pitch day the creation of the Innovation Committee, Economic- financial ad hoc to the Board of Directors to support In 2020, as a result of the crisis generated The goal of the platform is to pursue performance the implementation of the Executive Board by the new Coronavirus pandemic, the innovation initiatives to improve the to deal exclusively with topics related to company accelerated the implementation company’s operations, thereby bringing 4 Innovation and New Business. of new technologies. Solutions that were greater efficiency and safety to its staff pilots selected Social commitments being tested started to be used, such as and customers, as well as exploring new and run The Board, which reports directly to the use of augmented reality and artificial business through the development of more Ocyan’s CEO, has as its mission to intelligence to do remote monitoring, advanced technologies. Environmental think of new business fronts that bring interpret images to prevent the risk of commitments more efficiency and help reduce the falling objects and equipment failure. In each edition, the challenges are 2 environmental impact in oil exploration, presented to startups from all over the startups contracted besides taking the culture of innovation to As a result of recent innovations and country, related to the company’s business for rollout Reporting process all areas of the company. the digitization of several procedures areas. After a process of maturation of intensified with the pandemic, Ocyan each proposal, based on the joint work The new structure also has the role broke operational efficiency records of the company’s specialists with the GRI of contributing to the development of in 2020: it achieved its best safety entrepreneurs, some of these projects 50% Content Index solutions that will help Ocyan to implement performance, with an accident rate of 0.38 are approved and the startup companies contracting fee, above its own long-term commitments to reduce per million man-hours worked. become part of Ocyan’s supplier database. market average value

Corporate information Ocyan Annual Report 2020 22A Table of Contents In the 2020 edition 75 challenges were operational environments (active and Ocyan’s internal and external reputation, Innosciense, a consulting firm that supports entered, and 5 were selected: Real-Time base), with more than 20,000 checklists in addition to the engagement among Ocyan in its relationship with the innovation Presentation Fluid Analysis; Self-Service in Storeroom; performed during the year. The data all the company’s environm; ecosystem in the country. BOP Digital Twin; Topdrive Fault Prediction generated enabled the project to evolve and Hose Management; and the Intelligent into real-time monitoring of operational • Order Management - Materials Receipt For 20 years, Coopatan has promoted Alarm Management System. Four of these and organizational risks; and Dispatch (SMARTI Startup): The economic development for hundreds of Message of the president proceeded to the pilot stage. solution was applied to all JV Altera farmers in the region. The challenge of the • Drillpipes Operational Management and & Ocyan warehouses, reducing the proposal was to improve the cooperative Two startups have been contracted to follow Control System (RIO Analytics Startup): processing time for receiving materials by members’ production management and with the rollout, the actual implementation The solution was implemented across the 98% and reducing rework by 100%. optimize product tracking. Concluded in Ocyan phase of the solutions: Vidya and Delfos. Vidya, entire Ocyan fleet and today operates December, the initiative directly benefits from BOP’s Digital Twin challenge, brought in full real-time integration with Ocyan The third edition of Ocyan Waves is already more than 300 family farmers associated its expertise and software development to SMART. The implementation of the project underway, with 63 challenges launched in with the cooperative and their respective Corporate jointly produce, with Ocyan’s operational team, helped in the decrease of downtime for the the validation process. The mission for the families, collaborating to intensify the governance a system with an identical 3D twin model of year and had published a scientific paper newly created Innovation and New Business planning of crops, control of shipments to the BOP and with access to information from submitted for OTC (Offshore Technology Directorate from now on, related to the the cooperative, tracking, and, consequently, Strategic multiple maintenance management systems. Conference) 2021; program, is to continue seeking innovative providing better commercialization vision This technology enables maintenance solutions to the company’s challenges and to conditions. windows to be more intelligent, using only • Improvement in the Operational Control build a deeper and more lasting relationship one system that provides 3D visibility of the of the BOP (Delfos Startup): The solution with the startups, through joint ventures or Economic- SMART financial equipment and access to manuals, failure positively impacted the overall downtime even equity participation. performance records, etc. The Intelligent Alarm System, reduction of the implemented units, in SMART (Advanced Real Time Monitoring provided by Delfos, uses artificial intelligence addition to the spare parts cost reduction. Exchange System) is the first integrated system for to monitor alarms in the asset equipment, The project was also highlighted in a monitoring rig activities in Brazil that allows Social commitments prioritizing calls and creating intelligent reports presentation at the IADC Conference; Ocyan used the experience achieved from the grouping of data that was previously for failure prediction. its Ocyan Waves innovation platform pulverized in separate systems. In a • Optimization of the Equipment Inspection to support rural producers in southern pioneering way, the technology developed Environmental In addition to the challenges met in the 2020 Process (Confirm8 Startup):The solution Bahia. The support was possible after a by Ocyan combines and makes available commitments Ocyan Waves Challenge, there were also six was applied in critical routines, such as strategic partnership was established data in six dimensions: drilling, well control, rollouts in the year resulting from the 2019 fiscal measurement modules, instrument with the Odebrecht Foundation, which power management, dynamic positioning, challenges. Among them the following projects calibration routines, and shift inspections; carries out programs to the benefit of BOP monitoring, in addition to the platforms’ Reporting process are worth mentioning: these communities. After analyzing the CCTV cameras. • Institutional Communication Gap with challenges presented, the eAgro startup, • Digital Onboard Documents for Auditing the Offshore Audience (Social Base from Ribeirão Preto (SP), was selected to In October 2020, the sixth dimension of the GRI and Decision Making (Easy Checklist Startup): The application developed was develop a pilot project for the Cooperative System was completed, which covered real- Content Index startup): The implementation of the made available to all staff members, of Rural Producers of Presidente Tancredo time BOP (Blowout Preventer) monitoring, solution enabled an exponential increase reaching an NPS (Satisfaction Score) Neves (Coopatan), from Bahia. It was enabling failure prediction. The subsea BOP is in the security checklist performed in all of 67 points and a positive impact on chosen among three startups evaluated by one of the most critical pieces of equipment Corporate information Ocyan Annual Report 2020 23A Table of Contents on an offshore drilling rig. A failure in one of GHG emissions control its components may cause a large amount Presentation of non-productive time or, even worse, an Through SMART, a new research project environmental disaster. BOP failures account is being developed which aims to create a for approximately 40% of all downtime on methodology for mapping, measuring, and drilling rigs. tracking the impact of drilling activities Message of the president on a dynamically positioned offshore The analytical models generated by SMART drilling platform regarding greenhouse gas allow the projection of expected behavior and (GHG) emissions. The work also foresees its comparison with real data, enabling the early the development of a system for real- Ocyan identification of behavioral deviations. Given time monitoring of these emissions and this information, teams are able to deepen into the adoption of improved processes and specific maintenance and inspection activities technologies that allow for the optimization of Corporate on the components where deviations have the operation, cost reduction, and especially governance been identified, leading to optimized BOP the reduced impact on the environment. maintenance when on the surface and reducing Strategic the risk of downtime. SMART em números vision The use of SMART was crucial during the • + 150 configured dashboards pandemic, due to the implementation of Economic- financial remote work for all onshore staff members. • 12 integrated systems performance The intensive use of artificial intelligence, from integrated data monitoring and camera- • 6 dimensions implemented generated images, has made it possible for the Social commitments company to remotely monitor the operations • 5 activated rigs of its drilling assets. This was only possible as the system allows the data to be accessed on • 195 accessing users Environmental portable computers, not requiring the physical commitments presence of the member in the control rooms • 3 papers written of the company’s base in Macaé (RJ). This way, the company reinforced its commitment to the • + 25 GB of data processed per day Reporting process health of its team, while it maintained the quality of its operations. • + 10.000 tags per second

GRI • Access via Mobile App Content Index NORBE IX • Environment and cloud data processing

Corporate information Ocyan Annual Report 2020 24A Table of Contents Rig View 360º Transportation logistics Pipefy Presentation In the end of 2020, Ocyan made Rig View 360° The members of the Material Logistics (Yard) Aiming to optimize workflow management, As defined by the program, all projects must technology available on its Norbe VIII asset. and Information Technology areas developed with a focus on integration and reduction involve at least one of these three pillars: It is the first ultra-Deepwater drilling rig in the a system to control the road transports. This of lead times, Ocyan’s Maintenance and cost reduction, performance increase, and Message of the president country to be equipped with a tool based on improvement has as its main objective to act Offshore Services (MSO) Business Unit sustainability, thus aligning with the company’s the Google Street View concept, capable of in concurrence with Ocyan’s good Compliance adopted the Pipefy platform in 2020. The tool, strategic direction in preparation to operate in providing remote, virtual navigation throughout and Quality practices. used on a large scale by major organizations a new market model that promises lower daily the vessel’s internal area. around the world, allows flow automation charter rates than the current ones. Ocyan The project, started in February 2019, included and process management with dynamism The tool makes virtual onboarding at the unit several stages of mappings, meetings, and without dependence on IT, identifying In 2020, the projects started to generate possible without Ocyan members having to and functionality testing. In May 2020, the bottlenecks, generating insights, and captures, duly monitored and proven by Corporate face the entire logistical process that the face- implementation of the system was completed. eliminating waste. the financial area. In the second semester, governance to-face activity requires, including mandatory Its development was carried out as a new the cycle II of the program began, with the required training and risks associated with functionalities module of MAXIMO, a system Initially implemented in the Financial and training of ten new Green Belts, emphasizing Strategic exposure to the offshore industrial environment. already used in the Drilling business unit. This Supply Chain areas, Pipefy has presented the importance of training and qualification vision The entire development process of Rig View was a great advantage since it is a platform very expressive results, with gains in of our staff members, and the development 360º took six months to complete and was that is commonly used by the staff members. efficiency and productivity in activities such of 11 new projects. conducted by an in-house team in partnership as purchase and consumption of materials, Economic- financial with the startup company Media Glass. The Drilling business unit has a large warehousing, contracting third-party services, Main numbers of the program performance flow of cargo movement to supply the and measuring suppliers, among others. Among the advantages of the new system rigs’ needs. Among the benefits obtained • Total captures in 2020: US$ 3.36MM are help in planning on-board interventions, with this initiative are the traceability of Social Lean Six Sigma commitments support for the engineering team in orders, anticipated approval of costs, and • Average capture per rig: US$1.84k/day modification projects, integration with the automation of transportation orders, with In the second half of 2019, the Drilling Business new innovation systems, and support in access also available to the carriers that will Unit began its Lean Six Sigma (LSS) program of • 41 Green Belts trained in cycle I Environmental investigations. In addition, the use of the tool provide the services. focused improvement, when 41 staff members (2019/2020) commitments may reduce the number of embarkations on were trained in the LSS methodology for the rig. Currently, 85% of the entire facility certification as Green Belts, and 21 projects • 12 Green Belts in training in cycle II has been covered by the work, and the were initiated aiming at improving processes, (2020/2021) Reporting process images are available for Ocyan to view and eliminating waste and bringing financial returns take measurements of a given space. In the to the company. • Total number of projects: 32 future, as a continuation of the project, it will GRI be possible to supplement the remaining 15% Content Index or update any area that may be modified.

Corporate information Ocyan Annual Report 2020 25A Table of Contents

Presentation A performance and safety record are the result of quick response in Message of the president facing the crisis and investments

Ocyan in innovation

Corporate governance Operational results

Strategic Even amid the global crisis triggered As a result of this and other successful Among the highlights of the assets is the vision by the Covid-19 pandemic, the offshore actions taken during the year, in addition use of MPD (Managed Pressure Drilling) activities sustained in 2020 the level to the investments made in innovation technology, which adds even more of operational excellence achieved in and development of advanced safety to offshore activities, increasing Economic- financial recent years, even exceeding the safety technologies, Ocyan achieved historical operational reliability and reducing costs performance and performance targets agreed upon records in operational performance and and environmental risks. in the leaderships’ Action Program. safety. Check out the performance of the areas below. Ocyan’s Drilling Unit is also certified Social commitments This was possible due to the speed by the Brazilian Institute of Oil, Gas in making strategic decisions and and Biofuels (IBP) as having its own in adopting measures that allowed Drilling Equipment Inspection Service (SPIE) and Environmental the operations to be carried out with ISO 55001, which place it in the forefront commitments the utmost care and following the By means of an efficient fleet, Ocyan in certifications in the oil exploration and health and safety protocols issued offers to its customers chartering and production industry in Brazil. by the authorities. Among them operation services of offshore drilling Reporting process was a Contingency Plan to face rigs for ultra-deep waters. Its assets are this crisis, which included, among composed of four drilling vessels: Norbe Economic- other emergency actions, testing VIII, Norbe IX, ODN I, ODN II; and one semi- GRI and isolation of pre-boarding staff submersible platform: Norbe VI. Content Index members in the assets. financial performance Corporate information Ocyan Annual Report 2020 26A Table of Contents

New contract Offshore Services and Maintenance Presentation Norbe VIII, one of Ocyan’s five Deepwater Operating for over 20 years in the oil and MSO’s services are differentiated by drilling rigs, was re-contracted by Petrobras, gas and petrochemical segments in Brazil, offering its own engineering team with as operator and representative of the Libra Ocyan’s Offshore Services and Maintenance technical knowledge in all areas of the O&G Message of the president Consortium (Petrobras, Shell, Total, CNODC Sondópolis (Petrobras’ performance (MSO) area offers customers specialized business to meet, on demand, maintenance and CNOOC), for a period of 425 days, ranking) and reached the mark of 3 on-demand solutions, with guaranteed requirements and specialized services for the which may be extended for a maximum of years without accidents on board. safety, technical capacity, partnership and entire industry in Brazil. 1,080 days. financial sustainability. Ocyan Ocyan’s MSO area is the first in the industry The new charter and service contract enters The average economic uptime (rig Currently, the business unit counts on about to carry out the preservation of equipment into effect as from the start of operations, operational availability relative to daily 300 staff members and a strategic base, and structures for the offshore market Corporate scheduled for July this year, when the rate) of all rigs in the year, without the seven kilometers from the port of Macaé with the asset in operation. The service governance asset’s current contract with Petrobras, effects of scheduled shutdowns, was and 15 kilometers from the city’s airport, was implemented in 2018 inspired by the which had a duration of ten years, ends. In of 102.8%. The result was considered with capacity to serve the entire Campos things that already occur today in the Strategic 2020, the Norbe VIII was highlighted in the the best operating performance in the Basin and other regions. In addition, it petrochemical segment. Since then, it has vision company’s history. features a robust management system, accumulated more than three thousand which allows it to guarantee customers preserved pieces of equipment and has safety, quality, and productivity, ensured considerably reduced maintenance operating Economic- financial by ISO 9001:2015, ISO 14001:2015, and costs and improved the equipment’s performance OHSAS 18001:2007 certifications. operational performance.

The MSO area offers a diverse portfolio In early 2020, after a cyclical period of Social commitments of activities, including integrated service retraction in the Brazilian market, the area of planning; production and drilling unit Offshore Maintenance and Services entered shutdown planning and execution; repair, a new contract, for a term of three years (with Environmental maintenance, and project assembly the possibility of extension for two more years), commitments solutions (welding, boiler making, piping, with Petrobras to perform activities on the and electrical/instrumentation); industrial Merluza and Mexilhão platforms, in the Santos and high-performance painting; access Basin. This project represents the opening of a Reporting process engineering and special rope access new cycle of recovery for the industry. Initially, services; as well as customized structure 220 staff members will be mobilized for the and piping manufacturing solutions; special project, however, the expectation is to reach GRI inspection services; preservation and the peak of work in the second half of this year, Content Index commissioning services. with almost 700 professionals.

Corporate information Ocyan Annual Report 2020 27A Table of Contents

MSO in numbers New service modality The company operates in this segment Presentation through a 50/50 partnership with Norwegian In the beginning of this year, in a joint work company Altera Infrastructure (formerly 20 years 30 between the Drilling and Maintenance Teekay Offshore), a global leader in energy of experience in contracts business areas, Ocyan was certified by the infrastructure services focused primarily Message of the president the MSO market celebrated Brazilian Petroleum Institute (IBP) to offer on the ownership and operation of critical the market another type of service: the infrastructure assets in the North Sea, Brazil, calibration of safety instruments and valves. and East Coast Canada oil offshore regions. In Brazil, the joint venture Altera&Ocyan, Ocyan 68 The achievement came after a recertification formed in 2011, operates two assets: the 300 audit of the company’s Own Equipment Pioneiro de Libra FPSO (PDL) and the Cidade staff thousand m² Inspection Service (SPIE) system, in which de Itajaí FPSO (CDI). Corporate members of total area the management and auditing of calibration governance execution methods by the company itself FPSO Cidade de Itajaí was the company’s were verified. One of the differentials that first offshore production unit to operate in Strategic allowed Ocyan this achievement was the Santos Basin (Baúna Field). In 2020, the vision 10 80 million having its own calibration infrastructure, in vessel achieved the cumulative mark of 110 man-hours worked, addition to the ability to issue the report of million barrels of oil produced and average thousand with more than this activity in up to three days, which is half production of 38.5 thousand barrels of oil/ Economic- financial tons of piping the time currently practiced by the industry. day, reaching an economic uptime of 99.56%, performance and structures 20 million With this, the company expands its business against the agreed target of 98.6%. assembled on without lost portfolio and offers the market an integrated board offshore time accidents management of these services. Operational since 2017, FPSO Pioneiro de Social commitments Libra, the unit responsible for the Long Offshore Production Duration Test in the Libra block - one of the largest oil deposits in the Brazilian pre-salt - Environmental The operation of FPSO-type oil production is producing oil and reinjecting gas with total commitments 120 1 million platforms (Floating Production, Storage safety for the personnel and the operation production engineering hours and Offloading Unit), together with the and with strict respect for the environment. shutdowns made operation of drilling rigs, is part of Ocyan’s Last July, it celebrated the incredible Reporting process growth strategy. Experience with levels milestone of 1,000 days without a recordable of excellence in quality, safety, and the incident. In 2020, the vessel has achieved environment serves as the basis for its the economic uptime of 99.54%, against the GRI 8 constant evolution in this segment. agreed target of 98.0%. Content Index 14 million thousand meters of tons manufactured scaffolding erected Corporate information Ocyan Annual Report 2020 28A Table of Contents

Presentation New customer Subsea Construction Financial results In late 2020, the Altera&Ocyan joint venture Ocyan also conducts business in chartering As a result of the excellent operating results, entered a contract to charter and operate and operation of flexible riser launch units, discipline in cash management, and a set Message of the president the Cidade de Itajaí FPSO with Australia’s SURF projects and export lines, fabrication of process improvements adopted over Karoon Energy Ltda, the new concession additional option to renew for up and installation of subsea equipment. the past few years, Ocyan ended the 2020 holder of the BM-S-40 shallow water block, to two more years. The renewal fiscal year with gross revenues 23.1% higher home to the Baúna field in the southeast of ratifies that Altera&Ocyan has From 2014 to 2019 it operated in this industry than the previous year, totaling R$ 3.3 billion Ocyan the Santos Basin, and where CDI has been been presenting high operational in partnership with the French company (R$2.7 billion in 2019). Cash generation as operating since 2013. and safety performance,adding TechnipFMC, through the TOP joint-venture, reflected by EBITDA was R$ 2.4 billion, important market value for both operating TOP Estrela do Mar and TOP Coral compared to R$ 1.66 billion in 2019, with a Corporate The contract extension guarantees operation the company and the new field do Atlântico units along the Brazilian coast. margin of 73.6% for the year (63.7% in 2019). governance in Baúna until February 2026, with the operator. Another highlight that Ocyan offers to the The total value added, which represents the Strategic subsea industry is the CompRiser® (CMHR formation of generated wealth in a given vision - Composite Multi-Bore Hybrid Riser) period and its respective distribution, had technology, developed in partnership with an increase of 7.9% in the year, totaling R$ Magma Global, manufacturer of the world’s 2.1 billion, compared to R$ 1.9 billion in 2019. Economic- financial most advanced composite material pipeline, The Financial Statements for the fiscal year performance and BrasFels, the Brazilian shipyard of ending December 31, 2020 were audited and Keppel Offshore & Marine. It is an innovative the independent auditor’s report, without solution for ultra-Deepwater riser systems, qualifications, was issued on February 26, 2021. Social commitments which brings several benefits to the offshore production activity, such as easy assembly, high corrosion resistance, up to 80% Environmental reduction of the load applied to the FPSO, commitments and the ability to withstand high temperature and pressure.

Reporting process

GRI Content Index

Corporate information Ocyan Annual Report 2020 29A Table of Contents

Presentation Added value (R$ million) |GRI 201-1| ODS2, ODS5, ODS7, ODS9, ODS11

Message of STATEMENT OF ADDED VALUE - Consolidated (R$ million) the president 2016 2017 2018 2019 2020

Revenues¹ 3,448 3,093 3,053 2,815 3,558 Ocyan Other operational revenue 102 34 -7 -2,050 65 (expenses), net 2

Corporate Inputs acquired from third parties -1,032 -963 -747 -718 -865 governance Depreciation, amortization, and -2,503 -2,260 -1,145 18 -1,438 impairment 3 Strategic vision Revenue from equity interests and 782 6,173 638 1,889 788 financial income Economic- financial Total added value to distribute 797 6,077 1,792 1,954 2,108 performance DISTRIBUTION OF ADDED VALUE

Social 2016 2017 2018 2019 2020 commitments Personnel 802 738 627 544 524

Environmental Taxes, fees, and contributions 124 -21 156 136 204 commitments Providers of shareholders’ equity -129 5,360 1,009 1,274 1,380 and third-party Reporting process Added value distributed/absorbed 797 6,077 1,792 1,954 2,108

1 Includes gross revenue, and revenues related to the construction of own assets. It does not include financial income. GRI 2 In 2019, it considers net expenditures of R$ 2,018 million on divestitures of drilling and subsea assets. Content Index 3 It includes an impairment of R$ 1,742 million in 2016; R$ 1,547 million in 2017; R$ 448 million in 2018; reversal of impairment of R$ 743 million in 2019; and impairment of R$ 524 million in 2020.

Corporate information Ocyan Annual Report 2020 30A Table of Contents

Presentation

Message of Professional development and the president caring for people are part of Ocyan Ocyan’s essence

Corporate governance Internal audience |GRI 103-1, 103-2, 103-3_401, 404_407|

Strategic Ocyan’s relationship with its members The development of a career in the disseminating the company’s culture in vision is guided by its People Policy, structured company is the result of each person’s the various work environments. to develop competencies, attract talent, commitment to self-development and promote meritocracy and ensure a safe the consolidation of successive cycles Freedom of association and collective Economic- financial and healthy work environment. The of the Action Program (PA). The PA, bargaining is an inviolable right of the performance document clearly shows the company’s the company’s main management tool, staff member, assured in the Policies commitment to act ethically, with formalizes the agreement between and Codes that govern the company, integrity, transparency, and respect leader and subordinate and defines the including the Supplier Code of Conduct. Social commitments for diversity and for the well-being challenges and goals to be achieved, In 2020, there were no reported cases of of its employees, values that are also establishing clear responsibilities for each violation of this right among employees, expressed in its Code of Conduct. staff member. suppliers and third-party contractors. In Environmental the year, 97.1% of the staff members with commitments To establish a fair compensation plan, Throughout the year engagement actions managed labor contracts in Brazil (1,647) Ocyan seeks the best benchmarks in are carried out that aim at synergy among were covered by collective bargaining the industry, having as main guidelines the teams and greater participation agreements. |GRI 407-1, 102-41| ODS8, PG3 Reporting process the meritocracy, the responsibilities of staff members in matters related to exercised in each position, the staff the business, in addition to maintaining member’s performance in achieving communication channels, both in print and GRI its goals and the result of the annual digital, that promote greater interaction Content Index assessment of competencies, without between the parties and stimulate Social distinction by gender. frank and open dialogue, as well as commitments Corporate information Ocyan Annual Report 2020 31A Table of Contents

Presentation #experienceocyan Staff members raction Att R Inspired by the UX (user experience), e The company ended the fiscal year of 2020 (38.6%) onshore. In the year, there was an c n r people and process management models, io u with 1,696 staff members (142 on leave) - all 8.0% reduction in headcount compared t Message of i it s i Ocyan seeks to bring to the corporate n with permanent employment contracts - in to 2019, due mainly to the completion of the president n Excellence in g a environment experiences that can r addition to 37 interns and 223 members the demobilization process of the PLSVs sensitize its members, awakening in them T the pursuit of hired by the Altera&Ocyan joint venture. contracts, in addition to significant the relationship of belonging and the pride headcount reduction in the Maintenance Ocyan the energy

R of working for the company and being n Of the workforce, 1,042 (61.4%) and Offshore Services area. e o that drives i t t an important link in building a strong and e professionals worked offshore and 654 a n r enduring business. t the world. g Corporate io e n t governance In Created in 2020, the #ExperienceOcyan campaign was introduced to staff D Staff Members by Gender and Region| GRI 102-8| ODS8, PG6 evelopment Strategic members through the image of a mandala, 2019 2020 vision which is rooted in the Ocyan Purpose, launched in February 2020. Around this Region Men Women Total Men Women Total mandala the six steps that represent Economic- financial the journey of every employee within of the SeaConnect digital platform - the Southeast 1,729 315 2,044 1,420 271 1,691 performance a company are displayed: Attraction; name chosen for the new Oracle Cloud -, Recruitment; Integration; Development; which integrates, in a single tool, the main Brazil South 8 11 19 0 0 0 Retention; and Career Transition. management systems used by the staff Social Northeast 0 0 0 0 0 0 commitments members in the day-to-day operations. The Purpose is the guiding thread for Australia 0 5 5 0 5 5 thinking about and building a modern SeaConnect features four work Abroad Environmental workspace and a digital, integrated fronts, divided into three modules: Netherlands 0 0 0 0 0 0 commitments experience, inspired by the best people HR Management (integrated tool 1 management practices, which begins responsible for People processes); Total 1,737 331 2,068 1,420 276 1,696 even before the candidate for a position People Management (tool responsible Reporting arrives at Ocyan. for performance and career monitoring); 1. Of the grand total, 181 members were away in 2018, 151 in 2019, and 142 in 2020. Three strategic partners are accounted for in total. process NOTE: Unlike in previous years, in 2020 the joint venture staff members (223) are not included in the total. and Operation Management (tool for Based on this context, as of 2020, corporate/managerial consolidation GRI Ocyan’s People & Management area and budget preparation and monitoring, Content Index adopted a series of improvement and and tool for integrating the back office well-being actions, such as the launch processes supporting the operation).

Corporate information Ocyan Annual Report 2020 32A Table of Contents Staff Members by practice area| GRI 102-8| ODS8, PG6 Selection and recruitment 16.3% Presentation 2019 2020 83.7% 276 Women In line with good market practices, Ocyan has 1,420 Men Men Women Total Men Women Total adopted new tools for the recruitment and selection process. The opportunities are now Message of Dynamic Organization made available directly on its LinkedIn profile, the president 1 78 89 167 87 99 186 (corporate) + Austria which has a new career page that presents Employees candidates with its corporate profile, its values, Offshore Drilling 1,025 126 1,151 1,042 136 1,178 per gender its people, among other aspects. In the year, Ocyan |GRI 102-8| Consolidated the company’s number of followers on the 634 116 750 291 41 332 Integrated Services 2 platform saw a 55% increase, to the tune of 120,000 more followers than in 2019. Corporate Total 1,737 331 2,068 1,420 276 1,696 governance In addition to the LinkedIn page, the company 1 In 2020, the Healthcare area (in 2019 it was Offshore Drilling) and IT team (in 2019 it was Novonor) were merged into the Dynamic Organization 2 Offshore Services and Maintenance, Offshore Production, and Subsea Construction. has also launched the Gupy platform, a space Strategic NOTE: Unlike in previous years, in 2020 the joint venture staff members (223) are not included in the total. that enables greater certainty between vision candidates and recruiters, who can rely on the help of virtual intelligence in the search for the best talents. On the other hand, the candidate Economic- financial will know in real time the status of his or performance Staff Members by type of contract| GRI 102-8| ODS8, PG6 her recruitment process, which adds more transparency and clarity to the process. 2019 2020 38.6% Social 61.4% 654 Onshore commitments 1,042 Offshore Men Women Total Men Women Total Internship Program Staff Members Environmental with permanent 1,706 304 2,010 1,398 252 1,650 One of the gateways to the company is commitments employment contract Employees the Internship Program, whose purpose per work is to offer a unique learning experience in Minor-Apprentices 31 27 58 22 24 46 the various areas of the company. Ocyan Reporting regim process |GRI 102-8| opens positions for trainees at least once a Interns¹ 27 24 51 15 22 37 year, with opportunities to work at its bases located in Rio de Janeiro and Macaé. Total 1,764 355 2,119 1,435 298 1,733 GRI Content Index 1 Interns are not considered in the number of employees NOTE: Unlike in previous years, in 2020 the joint venture staff members (223) are not included in the total.

Corporate information Ocyan Annual Report 2020 33A Table of Contents

With a duration of two years, the initiative To commemorate the National Black year, 38% were filled by black or mixed- Female prominence Presentation seeks to attract motivated students with Awareness Day, celebrated on November race candidates and 26% by women. potential for growth and who identify 20th, the third D&I affinity group was themselves with the Ocyan culture. In the launched in 2020: the GA - Race and The Diversity & Inclusion (D&I) program was The industry in which Ocyan operates (oil 2020 selection process, 17 new interns were Ethnicity. The new was presented during recognized by the staff members in a survey and gas) and the working conditions of Message of the president hired. Of these, 47% are black (black and the online lecture Identities, Ancestries conducted by the consulting firm Reptrak in most of its staff members - embarked at mixed race) and 71% are women, numbers and Trajectories, held by the company 2020 - 81.5% of them agreed that the company sea, in 14-day shifts - accounts for the male that are in line with another company for the staff members. The theme, which has advanced in its approaches to the subject majority in the workforce (84%, compared program, Diversity & Inclusion. was already dealt with transversally, has in the last year. Currently, 46% of the staff is to 16% women). However, the company Ocyan gained more importance in the company’s black or mixed; 36% in leadership positions. has been working over the past few years The company offers these young talents the strategy since this action. to advance this issue as well, developing opportunity to get to know the company’s People with Disabilities awareness and improvement actions that Corporate business universe more closely, its main As of this year, the leaders of the provide women with a more inclusive and governance career monitoring tools, and also to prepare affinity groups Gender Equity, People By culture, all job opportunities at welcoming work environment, especially in an Improvement and Innovation Project, which with Disabilities, and Race began to Ocyan allow People with Disabilities offshore environments, where the female Strategic makes it possible to prepare them to be future rely on internal mentors - members of (PwD) to apply. The company maps out workforce currently represents only 5% of vision team members and take on ever greater the company’s top management - to inclusion opportunities for this group the workforce (in onshore, the percentage professional challenges. exchange experiences. The main objective in its various operations, with special rises to 42%). |GRI 405-1| ODS5, ODS8, PG6 is to bring the discussion between the attention to the positions held offshore, Economic- financial Diversity and inclusion decision-making focal points even where the operational risk is greater and, In 2020, as part of the #ExperiênciaOcyan, performance |GRI 103-1, 103-2, 103-3_405_406 | closer, and to promote experiences about consequently, where it is more difficult to the company held a series of initiatives as management and leadership between attract and retain people. The idea is to a gender focus, to present to the female Ocyan operates with a focus on promoting them and their mentors. In addition, the look for positions that may be occupied public a snapshot of the activities that Social commitments an inclusive work environment, free of responsible area has also structured a by PwD members, respecting their involve the day-to-day operation of an discrimination and with gender equality. To qualification program for Volunteers (now limitations and without putting human offshore platform. These included: Mentoring this end, it has maintained the Diversity & called Ambassadors). lives and operations at risk. with female leaders, in partnership with the Environmental Inclusion (D&I) program since 2019, as well as Brazilian Petroleum Institute (IBP); research commitments a multidisciplinary committee responsible for The Mais Diversidade consulting The company has also created masks in partnership with Ipsos - a global leader its strategy. At the tactical level, it also relies company, which has supported Ocyan with a transparent face for the inclusion in research and market intelligence - to get on more than 120 allies and 30 volunteers since the structuring of the Program, of hearing-impaired people. Thirty- closer to the female universe and enhance Reporting process from transversal areas throughout the has entered a new partnership with four kits, each with three masks, were the well-being in the offshore environment; company, divided into two affinity groups, the company to provide support in distributed to the teams that include partnership with SENAI for the development according to the action pillars for the year: recruitment processes, attracting diverse staff members in this condition. of women in the community (Macaé and GRI People with Disabilities and Gender Equity, candidates for strategic positions in the region), to attract and develop talents for Content Index each with dedicated leadership. company. Of the 192 positions offered last offshore work.

Corporate information Ocyan Annual Report 2020 34A Table of Contents Diversity indicators |GRI 405-1|

Presentation BY POSITION 20191 20202

Total Men Women Total2 Men Women Message of the president Nº Nº % Nº % Nº Nº % Nº %

Board of 7 7 100.0 0 0.0 7 6 86.0 1 14.0 Directors Ocyan Staff members 2,068 1,737 84.0 331 16.0 1,696 1,420 83.7 276 16.3 Diversity and Inclusion in Reinforcement for Leadership 14 13 92.9 1 7.1 12 12 100.0 0 0.0 Corporate governance the Board of Directors the Ethics Line Last August, engineer Cristina Pinho, Management 113 90 79.6 23 20.4 121 95 78.5 26 21.5 The Internal Audit Officer at Ocyan, Corporate Executive Director of the Fernanda Cascardo, was chosen Administrative 562 303 53.9 259 46.1 487 270 55.4 217 44.6 Strategic Brazilian Institute of Oil and Gas (IBP), was to participate “ad hoc” in the Ethics vision appointed as an independent member of Operation 1,379 1,331 96.5 48 3.5 1,076 1,043 96.9 33 3.1 Committee (CE-Ocyan), supporting the Ocyan’s Board of Directors. Cristina has current members of the committee in the PER AGE GROUP extensive experience in the oil and gas assessment and resolution of complaints Economic- financial industry, having held executive positions at 20191 20202 received through the Ethics Line channel, performance Petrobras for 12 years. concerning moral and sexual harassment Nº % Nº % involving women. The appointment of the new board Social Board of Directors 7 100.0 7 100.0 commitments member is a double achievement for The inclusion of a female figure in these Ocyan’s Diversity & Equality Program, Up to 30 years old 0 0.0 0 0.0 cases is intended to benefit the plurality and besides being the only woman in of arguments, increase the perspectives 31 to 50 years old 3 42.9 2 28.6 Environmental the highest governance instance of the on the facts, and ensure impartial commitments company, she is also one of the first black Over 51 years old 4 57.1 5 71.4 decision-making. women to hold such a position in a board of directors in Brazil. Staff members 2,068 100.0 1,696 100.0 Reporting process Up to 30 years old 299 14.4 252 14.9 Her job at the board is to offer advice on strategies that may impact the future of 31 to 50 years old 1,557 75.3 1,261 74.3 GRI the company and, precisely for this reason, 51 years old or above 212 10.3 183 10.8 Content Index she is engaged in assisting in actions to promote racial diversity in the highest 1. Total number of staff members (active + non-active + joint-venture TK-Ocyan). 2. Total number of staff members (active + non-active). positions in the company. 3. Leadership: CEO, Executive Directors, Superintendent Directors, Contract Directors, and Compliance Director. Corporate information Ocyan Annual Report 2020 35A35 Table of Contents

OTHER DIVERSITY THEMES Training and development Presentation 20191 20202 |GRI 103-1, 103-2, 103-3_404|

Nº % Nº % Ocyan believes that the technical In 2020, to strengthen this concept, 45 Action Message of the president People with disabilities 19 0.9 19 1.1 qualification of excellence and the Program workshops were held, with a total of continuous training of its staff are 331 participants. The objective was to train Foreigners 65 3.1 61 3.6 fundamental to guarantee the safety and the leaders and their teams in the processes quality of its operations and the delivery of preparing and following up on the Action Ocyan 1 Total number of staff members (active + non-active + joint-venture TK-Ocyan). 2 Total number of staff members (active + non-active) of the most effective solutions to the Program and, mainly, to raise awareness market, in line with its performance strategy. about the importance of this process for the 11% Therefore, in 2020, R$2.8 million were development of the professional career of Corporate 51 years old or above invested in external training, mandatory the staff member and for the continuity of governance and non-mandatory, totaling 58,811 hours of the business. 15% training - an average of 35 hours per staff Strategic Up to 30 years old member - and 1,384 trained staff members. Aiming to foster partnerships with vision Employees educational institutions, contribute to the per age To promote the training of its employees, academic training of young people, and group the company follows the guidelines set optimize opportunities, Ocyan held the Economic- 74% |GRI 405-1| forth in its People Policy, according to the Compartilhando Conhecimento 2020 financial 31 to 50 years old performance criteria and guidelines for the different (Sharing Knowledge). Through the program, types of educational actions, in a systemic lectures were given to a total of 123 students and continuous way, focusing on the from SENAI-RJ, and from the Federal Social commitments development of the staff member and his University of Rio de Janeiro (UFRJ) and applicability in the business. All programs Estácio de Sá University. The topics ranged and trainings are agreed upon with the from a presentation of the company, the Environmental 63% leadership and the People and Management Diversity & Inclusion and Young Talent commitments 29% area and must be aligned with the Action programs, the fields of work of an Offshore Operation Administrative Employees Program, the career planning, as well as with Engineer, and Offshore Safety, to other per the strategic direction and future challenges technical engineering approaches and a Life Reporting process professional of the company. |GRI 404-2| ODS8 and Career lecture. category |GRI 405-1| GRI 7% Content Index 1% Leadership Management

Corporate information Ocyan Annual Report 2020 36A Table of Contents

Career cycle |GRI 404-2| aligned to the organizational culture; knowing conducted by internal instructors and preparing young people for the future Presentation and improving techniques that stimulate the offered to several areas and environments growth cycle of the company, identifying, In 2020, the second phase of the Executive development and productivity of business of the company, in addition to having a recruiting, retaining and developing the Assessment program was held, which and teams; and enhancing the negotiation, continuous focus on strengthening the best talents from the beginning of their aims to develop and offer professional influence, and conflict management skills of Internship Program, aimed at training and professional careers. Message of the president growth opportunities to staff in leadership Ocyan’s leaders. positions. In total, 128 people attended in Total training hours |GRI 404-1| ODS4, ODS5, ODS8, PG8 the two phases of the program. Focusing on new leaders, hired or promoted to leadership between January No. of staff No. of participants Total no. of Average hours Ocyan The Assessment corroborates in the and August 2020, Ocyan held the Welcome Position members in the in the training training hours per staff identification of potential successors Leaders, training for 24 leaders, with the position sessions 2 member and contributes with the validation of objective of qualifying them in relation 2019 2020 2019 2020 2019 2020 2019 2020 Corporate the names previously mapped by the to the company’s areas of activity and governance Succession Committee, besides giving programs, the leader’s role in the Action Total number 1,6961 1,696 1,903 1,384 103,531 58,811 61 35 light to the competencies and skills that Program cycle, people management Strategic should be emphasized in the Individual processes, recruitment and selection, and Leadership 13 12 12 5 395 92 30 8 vision Development Programs (PDI) and in the the staff member’s experience. Leader Development Program (PDL). Men 12 12 11 5 383 92 32 8 For the offshore audience, a pilot workshop Economic- Women 1 0 1 0 12 0 12 0 financial During the year, the first two PDL modules was held, for the ODN I platform, which performance were held, with a total of 154 participants, addressed the requirements for API Q2 Management 3 110 121 110 112 5,079 5,012 46 41 divided into five classes. In short, the certification - Quality Management System objective of these first two modules Requirements for Organizations Providing Men 87 95 86 87 4,186 3,798 48 40 Social was: to promote self-knowledge and Services to the Oil and Natural Gas Industry commitments Women 23 26 24 25 893 1,214 39 47 expand the leaders’ ability to positively of the American Petroleum Institute - influence and inspire people to achieve and its importance to Ocyan, in addition Administrative 482 487 401 222 15,837 7,120 33 15 Environmental results; and to improve the leadership’s to people topics, such as reflections commitments communication skills, always stimulating on the power of personal choice in the Men 255 270 214 130 8,466 3,749 33 14 empathy and active listening, in order professional journey, people management, Women 227 217 187 92 7,371 3,371 32 16 to generate productive connections and and self-knowledge. The event had about Reporting process minimize conflicts, also developing new 60 participants and was conducted by Operation 1,091 1,076 1,380 1,045 82,220 46,587 75 43 skills to practice feedback. external consultants, with the participation of the company’s top management. Men 1,065 1,043 1,339 1,014 80,189 45,327 75 43 GRI The other three modules of the Program will Women 26 33 41 31 2,031 1,260 78 38 Content Index take place this year and are focused on: In parallel, Ocyan has been conducting developing skills for the practice of leadership internal training on a regular basis, 1 Does not include staff members on leave in the year (151), interns (51), TK Ocyan staff members (224), legal entities considered in the macro- structure (3), and the active staff member who was reinstated after termination of leave (1). 2 The number considers the total number of trained staff members in the year, regardless of the total number of employees recorded on December 31st. Corporate 3 The Management group concentrates information from the Management and Business groups, which are deemed strategic. information Ocyan Annual Report 2020 37A Table of Contents

Best Practices Program Presentation

Message of Ocyan Baby Health Area Day Off Dress Code the president Customized support for all company Environment for the practice of Event for birthday staff members Greater flexibility and embracing members and spouses of staff members Shiatsu and Pilates in company working at the administrative bases; of individual differences; during pregnancy, delivery and the for the corporate headquarters puerperium period, in addition to the option members (suspended during Ocyan for the pregnant woman to extend her the pandemic); leave by an additional fifteen days - which is already practiced at the company - or Corporate by a reduced workday of three hours governance Flexible Hours, Time Modernization (totaling four) until the baby is six months Move it Bank and Flex Office of the Rio office old. In addition to the distribution of Program more flexibility for the staff member, Considering an environment that Strategic customized kits, lectures by specialized Running group with specialized providing more life-work balance; promotes greater integration, comfort, vision professionals, parent-chat sessions, and support, in partnership with and safety for its staff members. baby-support or day-care assistance; Firjan, for Drilling Unit staff members (suspended during the Economic- financial pandemic); performance Paternity leave Extension of fathers’ leave for fifteen Social Staff Member Week Staff Member Support commitments calendar days as from the birth of Lectures and interactive activities the baby; in addition to the online related to career and quality of life, Program (PAI) course “Hands-on father - care and held during a week of November, given |GRI 403-6| Environmental commitment”, addressing the main by employees and external partners; In partnership with OPTUM - a health service financial, and social assistance. By phone commitments aspects involving the first months of a and innovation company - Ocyan created (toll-free) or e-mail, available 24 hours a day, baby’s life and interaction with dads; in 2020 the Staff Member Support Program 7 days a week), the staff member or their (PAI), which offers a set of solutions to eligible family member may contact, from any Reporting process support employees in times of need. place and at any time, a team of specialists Gympass Ocyan Fit prepared to provide the necessary support. A platform that provides access to Program of sports and The initiative, inspired by good practices All information received is kept confidential. GRI about 20 thousand accredited gyms various physical activities in in the industry, offers psychological, legal, Content Index in Brazil, spread over more than 1.2 partnership with SESC Macaé; thousand cities;

Corporate information Ocyan Annual Report 2020 38A Table of Contents

Health and Safety culture by means of risk awareness and safe Risk Assessment |GRI 403-2| ODS8 authority on board (commander), supervisors Presentation |GRI 103-1, 103-2, 103-3_403| behavior, and continuous improvement of the of the areas involved in the work, sustainability integrity of the assets. The process of identifying occupational representatives, and other stakeholders. Ocyan understands that the human factor risks is carried out in seven steps within the must come first, that is why ‘taking care of The tool covers 100% of operations/staff System: Selection of areas and activities; All Ocyan’s health and safety indicators are Message of the president people’ is always on the radar of the company’s members (offshore and onshore) and vendor Identification of hazards and risks; Analysis of tracked periodically, and workers receive performance strategy. To ensure the health and contractors. The Business Units have the legal requirements; Identification of existing feedback from their leaders on their actions. safety of its staff members, it holds a series of autonomy to implement their own management controls for risk management; Risk assessment; The incidents or accidents that eventually initiatives aimed at protecting life. In addition, with systems, independently, but must follow the Determination of controls for risk reduction; happen in the work environments or that Ocyan the support of the leadership and the strategic company’s direction, strategy, and policies. Assessment of the new risk category. are related to the company’s activities are committees, it works to strengthen the concepts investigated, and for each one an action plan of prevention and to improve and consolidate the The System also aims to meet the customers’ At operational bases and maritime units, is drawn up to correct and/or mitigate the Corporate standards and processes related to the pillars contractual requirements, as to the compliance observation cards are also used, which is a problem and prevent it from repeating, or from governance of health, work safety, environment, and social with the legal requirements and the industry support tool for identifying deviations, risks, happening in other units. To this end, there is responsibility. regulations. In this sense, the following hazardous situations, and improvements. There a system in place for outreach, sharing the Strategic certifications are maintained: is an action at Ocyan to recognize the best experiences and learning from events as a vision Several tools, including a robust Labor Health cards, encouraging the practice of their use proactive way to address deviations and act and Safety Management System, are available • OHSAS 18001:2007 (Drilling and Offshore among members to strengthen the culture of to correct them. every day, whether offshore or onshore, so that Production) risk awareness within the company. Economic- financial operations may be carried out with total safety, in The verification of the Management System’s performance alignment with the industry’s best practices and • ISO 14001:2015 (Drilling and Offshore Once a hazardous situation or occupational level of adherence and effectiveness is carried with the guidelines expressed in the Sustainability Production, Subsea Construction and MSO) risk is identified, the fact is recorded in an out by the Internal Audit area. The company Policy - a document widely disclosed to its electronic spreadsheet - in accordance with the also seeks to mirror itself in the best HSE Social commitments audiences. In addition to following and complying • ISO 9001:2018 (Drilling and Offshore guidelines of the OHSAS 18001:2007 standard management practices, and to do so, looks with the health and safety regulations that rule Production, Subsea Construction and MSO) - and submitted to investigation by means of for benchmarks in institutions such as the the industry. a methodology in the Management System International Marine Contractors Association Environmental • ISM Code (Drilling and Offshore Production) that allows the identification of the immediate (IMCA), the International Association of Oil & commitments Management system causes and root causes related to the problem. Gas Producers (IOGP), and the International |GRI 403-1, 403-7, 403-8| ODS8 • ISPS Code (Drilling) Association of Drilling Contractors (IADC), In the same record, corrective and/or preventive as a reference for comparison in terms of Reporting process Ocyan’s Occupational Health and Safety The Drilling Business Unit is carrying out a work, actions are created, which can be managed excellence in performance. Management System (integrated with quality with the support of an external consulting firm, within the electronic system itself. The and environment) prioritizes awareness- to migrate from OHSAS 18001:2007 to ISO monitoring of this entire process is responsibility GRI raising actions, reinforcement of the safety 45001:2018, with certification scheduled for 2021. of the competent instances: management or Content Index

Corporate information Ocyan Annual Report 2020 39A Table of Contents

Commissions |GRI 403-3, 403-4| ODS8 Training |GRI 403-5| ODS8 Presentation Ocyan’s occupational health service has a Ocyan continuously invests in training and The company assesses the effectiveness of multi and interdisciplinary team, formed by development actions related to the health its training through a series of management professionals with skills and abilities that and safety area, covering both on-board and tools, such as leader feedback, employee Message of the president meet the high standards of pre-established onshore workers. The company understands performance assessment, evolution of safety requirements, ensuring the staff members a that education is the best way to spread the indicators, operational performance, etc. service of quality during medical consultations ‘safety first’ culture, which is a fundamental and follow-ups. The confidentiality and privacy part of its values and deeply related to its Ocyan Investments in health and safety of the data collected are also assured to the sustainability strategy. employee, including in computerized health In 2020, the Offshore Production Business systems and medical records. During the year, in addition to the 12 Golden Unit invested R$ 1,071 million. The Drilling Corporate Safety Commitments - a document that lists Business Unit, on the other hand, invested governance An Internal Commission for Accident Prevention the behaviors expected for a safe, accident- R$ 5,698 million. The investments were used Great idea in (CIPA), formed by representatives of the free operation - talks and workshops on to purchase PPE/EPCs and medicines, in high seas Strategic workers and the company, is established in occupational health and safety are held during addition to training, mandatory and voluntary. vision each operating unit to ensure that 100% of the Internal Occupational Accident Prevention Since 2011 at Ocyan, currently as DPO the workforce complies with the regulations Weeks (Sipat); and a series of training programs Safety indicators at ODN II, the staff member Harrison established by the Ministry of Labor and on hazard and risk management. Training Nogueira was recognized for the Economic- financial Employment in Brazil (NR-5) - in the maritime required by legislation for each position In 2020, for the second year in a row, the idealization and implementation of the performance units the regulatory standard is NR-37. and technical training associated with their company recorded the best Recordable electronic work permits (PT) monitoring qualifications and activities are also provided. Incident Frequency Rate (TFIR), with and program. The innovation, proposed by The commissions play a leading role in the without lost time, in its history: 0.38 (for every him, will be applied to all fleet assets. Social commitments adoption of Occupational Health and Safety The trainings are established within a 1 million man-hours worked), a drop of 34.5% programs and measures, including behavioral management matrix, which determines whether in relation to the previous year. This number The Work Permit (PT) is a tool that audits, facility inspections, training, and they are mandatory or not, the frequency of exceeds the best benchmarks in the industry. identifies hazardous activities, Environmental leadership development in OHS. Regular application, the topics covered, the intended mitigates the risks contained in the commitments monthly meetings and extraordinary meetings areas, etc. The contents can be offered online, Despite the excellent results achieved, action, and avoids accidents. With the are held when necessary. The decisions in-person, or hands-on, and delivered by third Ocyan continues to be aware of the business implementation of electronic monitoring, are jointly made by the company and the parties or by people who are trained and/or risks and to seek continuous improvements it will be possible to visualize the Reporting process representatives of the Internal Commissions for qualified internally for this purpose. Training is in its operations. This attitude is shared with simultaneity of operations in a quick Accident Prevention (Cipas). provided free of charge and within paid working its staff members, by means of agreed-upon and dynamic way. Attitudes like the one hours. Additional training courses for the staff goals, suppliers, and third-party contractors. Harrison had reinforce the company’s GRI members that are not free of charge may be With this, it hopes to achieve its number one greatest value: safety, which must Content Index paid by the company. goal: zero lost time accidents. always come first.

Corporate information Ocyan Annual Report 2020 40A Table of Contents

Care for staff members Recordable Incident Frequency Rate (TFIR) with and without leave of absence |GRI 401-2, 403-6| ODS3, ODS5, ODS8, PG6 Presentation Among the benefits granted to the staff members 1.59 1.61 1.59 to provide more quality of life and well-being, the following stand out: Message of the president

0.58 0.38 Medical station for Ocyan emergencies in company -34.5%

Corporate 2016 2017 2018 2019 2020 governance Health Care Plan Health and Safety |GRI 403-9| ODS8 Strategic vision Employees Third-party contractors Total work force Per age group

Up to 30 30 to 50 Over 50 Economic- Men Women Men Women Men Women years years years financial old old old Optional dental plan performance No. of deaths 0 0 0 0 0 0 0 0 0

Social Number of high commitments consequence injuries 2 0 0 0 2 0 0 2 0 Day Care Center / (lost-time accidents)1 Baby-sitter Allowance Rate of high Environmental 0.58 0 0 0.38 - - - commitments consequence injuries 1, 3

Number of occupational 2 0 0 0 2 0 0 2 0 Reporting injuries (total of 2 Meal Voucher / Food Voucher process accidents) Rate of injuries 2, 3 0.58 0 0 0.38 - -

GRI 1. Excluding deaths 2. Types of injuries: fall, crushing, mechanical shock, cutting, and improper posture. |GRI 403-9| Content Index 3. Ocyan has no gender man-hour controls for third-party contractors. Note: Ocyan’s operations occur exclusively in the Southeast Region of Brazil Private Pension Plan

Corporate information Ocyan Annual Report 2020 41A Table of Contents

Presentation Process safety Response to Covid-19 |GRI 403-6| ODS3, OD8 In 2020, committed to the integrity of • Creation of the risk survey barrier assets and the prevention of process- monitoring system; Message of the president related incidents, Ocyan began to In 2020, more than ever, Ocyan actuated The committee’s first step was to develop a structure, within the sustainability • Preparation of the Bow Tie edition, being able with a focus on its greatest value: safety. contingency plan, with responses and protocols management system, the Process to create, change or update the barriers; The company, which since 2017 had been to face the crisis, in line with the authorities’ Safety discipline. The Drilling Business implementing important changes in its requirements, and based on the best health and Ocyan Unit was used as a pilot of this project, • Link to the offshore unit systems with management strategy, with a closer look safety management practices. Immediately, which represents another fundamental metrics and programming to determine at ‘people’ and investments in innovation, preventive barriers were adopted in several element for the management of whether the barrier is degraded or not; was prepared to assume its leadership fronts, such as remote work for members in Corporate operational risks, with transversal role and act quickly and assertively to the non-essential functions; pre-embarkation governance support from all the business areas, • Creating all the units’ Bow Ties in the new scenario imposed by the Covid-19 preventive testing protocol for offshore through PROSEG - a Safety Program electronic system for monitoring; pandemic. personnel; livestreamings and digital learning Strategic based on the RBPS methodology (Risk materials, such as the Coronavirus Booklet; vision Based Process Safety), developed by • Inclusion of the semi-quantitative An “ad hoc” committee was structured launch of the 10 Commitments to Fight Covid- CCPS (Center for Chemical Process analysis values in the monitoring to respond to the crisis in a difficult 19 and the Staff Member Support Program Safety) in the United States. system and definition of the barrier moment, which could compromise the (PAI), with medical and psychological care Economic- financial degradation calculation; entire business. The instance has the in times of need; among other actions. performance The document that served as the basis objective of following up, monitoring, for the beginning of this structuring was • Insertion of operational checklists into the and responding to risks, to reduce the In the offshore environment, all reasonable the Safety Case, which encompasses electronic checklist system; impacts caused, being supported by measures have been taken to contain the Social commitments studies of the major risks in assets. A the business management teams. The spread of the disease in order to protect life and review of these risk studies was conducted • Drafting of the first version of the process concept of this committee is to rely on keep assets operating safely. The company using ISO 17776:2016 as a reference, safety manual; agile, assertive, multidisciplinary members, has adopted, for all members, PCR testing in Environmental analyzing the processes of the marine who provide confidence and answers in the pre-embarkation and hotel isolation of commitments unit operations, the definition of technical, • Creation of the process safety indicator times of crisis and out of them, regarding suspected and/or positive cases. Besides this, physical and human barrier methodology monitoring and tracking tool in Power BI. the impacts related to the threats to the a partnership was entered into with a clinical based on the concept of the Bow Tie company, analyzing the possible scenarios, analysis laboratory to speed up the processing Reporting process technique by CCPS. Besides these actions, In 2021, Ocyan will continue in its strategy mitigating the risks and protecting of the tests’ results; hygiene kits and masks other important structural initiatives of process safety management structuring the company’s image and reputation, were also supplied, and the working hours were were developed to ensure the robustness in its operations, extending this concept to besides supporting the resumption when reduced and adjusted, among other actions. GRI of the processes. Among them are: the Offshore Production business. the activities return to normality. Content Index

Corporate information Ocyan Annual Report 2020 42A Table of Contents

In 2020, more than 14 thousand PCR-RT Main measures taken Presentation preventive tests were carried out, being one of the main protection barriers, which Crisis management contributed to the strengthening of the set • Data culture: creation of a Power BI dashboard to monitor Covid-19-related of actions that enabled a more effective events in the company; Message of the president control and prevention of contamination of staff members, mainly from maritime • Contingency Plan: adaptation to the scenario (preventive measures, testing units, besides ensuring safe and healthy procedure, and new barriers); work environments. The result of the Ocyan effectiveness of these measures is reflected • Protocols for Testing, Discharge, and Return to Work;

in the company’s highest operational and Head office safety performance in its history. • Distribution of a booklet about the Coronavirus; Corporate governance In parallel to the prevention measures Among the measures that have had the • Adoption of administrative measures and work reorganization to avoid adopted during the year, a return-to-work most positive impact among the staff circulation of people and maintain social distancing; Strategic plan was also prepared, which included members is the continuation of the full vision voluntary and compulsory waves, always payment of salaries and benefits. Ocyan • Launch of the 10 Commitments to Fight Covid-19; in line with the health strategies of the local made the strategic decision of not adhering authorities and considering the scenario in to MP 936/2020 - a labor provisional • Agile, clear, and transparent communication process. Economic- financial the company’s areas of operation, so that the presidential decree that foresees the performance safety and health of staff members and third possibility of reducing workers’ salaries parties are not put at risk. The main office, in during the new Coronavirus pandemic, in Return plan Rio de Janeiro, got a new layout, with wider force since April 1st, 2020, and that became • Distribution of the handbook with the guidelines for the gradual return to work, with Social commitments spaces and more modern environments, law in September of the same year. preventive measures for individual and collective use, reorganization of the physical according to the flex office concept. work environments, and phasing the return in waves;

Environmental The Support Base in Macaé has gone 10 + 100 • Preparation of the protocol for returning to activities in the offices and support bases. commitments through a safety adjustment process. A Commitments to fight press releases feedback survey was also conducted with Coronavirus issued the staff members. The return to work in Social responsibility Reporting process this environment happens in waves and • Destination of resources for the health area, such as acetate sheets to produce with new protocols for coexistence. face masks, overalls, gloves, basic food baskets, and mattresses;

GRI + 14 thousand +50 • Support for training of people in vulnerable situations, in order to facilitate the Content Index tests performed broadcast generation of additional income.

Corporate information Ocyan RelatórioAnnual Report Anual 2020 2020 43A Table of Contents

External audience the market, Ocyan won the Petrobras bid For the company, the result is a reason for Management system Presentation for the chartering of a drilling rig in full- pride and celebration, and reflects the teams’ Ocyan believes that successful partnerships time assignment for the Mero field, in the commitment to customer delivery and the The selection, evaluation and approval of are built with trust and respect, that is why it Santos cluster. The new operation of the effective measures adopted during the supply contracts at Ocyan is performed by seeks to establish a transparent and honest drillship Norbe VIII - an asset that is already Covid-19 pandemic. means of a robust Supplier Management Message of the president relationship with its various stakeholders, providing services to the customer - should System, capable of managing, preventively, including communities, business partners, start in the second half of the year. Suppliers the risks involved, among them negative customers, suppliers and government. |GRI 103-1, 103-2, 103-3_204_308_408_409_414| aspects that may damage the company’s Ocyan has also expanded its portfolio of reputation and cause losses for the Ocyan products offered to the market, through The Drilling Business Unit allocated R$ business and shareholders. The tool Customers |GRI 103-1, 103-2, 103-3| a new type of offshore service: the 664 million in 2020 for the payment is an indispensable support for the calibration of safety instruments and of a total of 775 service and materials supply, technical, and health, safety, and Corporate Committed to increasing its customer valves. (More information about this suppliers. Its supply chain is formed by environment areas in the confident choice of governance portfolio, Ocyan has directed its investments service and the new contracts in the distributors, authorized agents, equipment their partners. to the innovation area, promoting a series Operational Performance chapter). manufacturers, trading companies, service Strategic of initiatives focused on the development of providers, maintenance companies, In 2020, a new pre-BID process was vision new projects and services. Its strategy also Customer Evaluation consultants, and auditors, located in Brazil incorporated into the system, to bring considers working closely with customers, and abroad. Of the total, 82% correspond even more robustness and transparency dedicated to identifying the most adequate The Drilling Business Unit had a new record to local procurement (companies with to the service contracting process, Economic- financial solutions to each customer’s needs, to ensure of BADs 10 (Performance Assessment operations in Brazil). |GRI 102-9, 204-1| including technical criteria more in line performance their satisfaction, and to build contract loyalty. Bulletin) issued by Petrobras in 2020. with engineering and participation of The document, which is used to measure 69 significant contracts were celebrated the management area. Related to the As a result of this dedication and a series of customer satisfaction, evaluates the in the year. All suppliers have signed the procurement of materials, an internalization Social commitments improvement measures carried out during performance of the assets in four categories: Supplier Code of Conduct, a document that process is being developed, which consists the year, the company was able to attain Equipment and Materials, Human Resources, includes the main compliance guidelines of developing suppliers following the important achievements for the business Facilities, and QHSE (Quality, Health, Safety followed by the company and required premises of: Original Manufacturer - direct Environmental during the year. Among them is the contract and Environment). In all, Drilling Business Unit of its service providers and third-party purchase with the manufacturer; Reverse commitments entered into with the Australian company earned 38 grade 10 BADs last year, and the contractors at the time of approval, among Engineering - preparation of drawings Karoon Energy Ltda. - the new holder of the average grade was 9.45. them there are provisions on human rights. and prototypes with Ocyan priority; and BM-S-40 shallow water block concession, |GRI 412-3| PG2 Alternative Manufacturer - supply option Reporting process in the Santos Basin - for the chartering until For Offshore Production, the FPSO Cidade with the same technical characteristics. 2026, of the FPSO Cidade de Itajaí (CDI). de Itajaí, scored 9.4 (average of the first |GRI 102-10| three quarters, the time in which the asset GRI The other important achievement came was in operation for Petrobras in 2020). The Content Index in early 2021, after a long period of average BAD of the FPSO Pioneiro de Libra negotiations and much expectation from in the year was not reported. |GRI 102-43|

Corporate information Ocyan Annual Report 2020 44A Table of Contents

Presentation The classification of the supplier base In the year, 1,304 evaluations were Risks among suppliers |GRI 308-2, 414-2| ODS5, ODS8, ODS16, PG2 within this system happens following legal, carried out, with ratings for sustainability, tax, financial, and technical criteria, also compliance with the scope, and execution Topic Risk involving audits in critical suppliers. Specific of the service. In this year, a Supplier Message of Compliance Corruption, money laundering, transparency, reputation. the president documents are required for each theme, Management Committee, which supports including environmental issues, and without strategic decision making, was created. Occupational accidents, work in hazardous or degrading conditions, them the supplier is unable to be registered Human rights discrimination. in Ocyan’s database. Additionally, an Training Ocyan Integrity due diligence survey is included, Environment Oil and chemical spills, atmospheric emissions, improper disposal of waste. with an assessment of compliance, anti- Every worker hired to perform an onboard corruption, and anti-money laundering service on one of the drilling rigs operated by Labor practices Late or non-payment of wages and social charges, freedom of association. Corporate practices. In addition, there is monthly Ocyan must, mandatorily, go through a control governance Excess use of public equipment and infrastructure, unemployment after monitoring of the labor documentation of system of specific training for the execution of Society conclusion of contracts, non-integration with communities, corruption. the service provider with workforce. onboard services. Strategic vision The evaluation of contractor’s performance Risk and impacts More information about the Suppliers area and the local community and generate positive is carried out by means of a system where about the Approval System is available on the results for future generations. the commercial, operations, technical, The Supplier Management System also company’s institutional site, under the Suppliers Economic- financial and sustainability areas rate the service encompasses a risk matrix that covers the tab: www.ocyan-sa.com/en/suppliers. In addition, Ocyan supports the Odebrecht performance provided in the previous month. Periodic entire contracted service base (around Foundation, as its sponsor, which has a meetings are held between the commercial, 500 items). For each item in the registry, Society dedicated team to promote sustainable operations, technical, and supplier an analysis of the environmental and |GRI 103-1, 103-2, 103-3_203_413| territorial development, through the Program Social commitments management areas, in addition to the operational risks and impacts involving the for Development and Growth Integrated contractor itself, to comply with the action product or service in question is performed, Promoting social inclusion through with Sustainability (PDCIS). The Program plan. In case of a non-compliance with any and they are classified into four levels: high, education and youth empowerment is one aims to transform the living conditions Environmental legal regulation or sustainability requirement medium, low, and negligible. of Ocyan’s missions in its relationship with of the people of Bahia’s Baixo Sul region commitments requested by the company, an investigation the communities where it operates. The socially, economically, and environmentally. process is initiated to investigate the The company is a signatory to the UN Global programs developed and/or supported must To learn more, go to: facts and the adoption of applicable Compact and is committed to supporting be in tune with its corporate values of health www.fundacaonorbertoodebrecht.com/en. Reporting process actions, which may vary from requesting of the effective abolition of child, forced, or and safety, education, quality, and respect improvement procedures, applying fines, or slavor-like labor. No such cases were raised for the environment. To identify projects, even contract termination. in the audits performed by the company’s the company maps out the needs of the GRI Supplier Management System in 2020. communities, and the opportunities with local Content Index |GRI 408-1, 409-1| ODS8, ODS16, PG5, PG4 partners to develop initiatives that develop

Corporate information Ocyan Annual Report 2020 45A Table of Contents

Social and Environmental Responsibility Platform Environmental and climate proactivity In 2020, for the third consecutive year, the Presentation partnership with the NGO Junior Achievement The shutdown of external social initiatives, which will be guided by two lines of action: This line of action considers as strategic from Rio de Janeiro was upheld to support due to the Covid-19 pandemic, the Local and human development and axis the appreciation of the natural young people and teenagers from state Sustainability area, responsible for environmental and climate proactivity, asset, directly related to Ocyan’s public schools in Rio de Janeiro and Macaé, with Message of the president the theme, made a strategic review of following strategic valuation axes of the commitment to make decisions about projects focused on financial education and the program and created the Socio- company’s social and economic capital. projects and services, considering: the future of professions. With the Covid-19 environmental Responsibility Platform, (See figure below) pandemic, the programs were applied in a • Rational use of natural resources and virtual environment and had the participation Ocyan cleaner technologies; of 360 students and 23 volunteers.

Local skills • Efficient management of greenhouse The company also held, for the second Corporate Professional training gas (GHG) emissions; year, a partnership with the Associação governance Local and human Culture Beneficente e Promocional Esportiva de development Sport • Proper environmental management of Apoio ao Jovem (Beneficent and Promotional Strategic Volunteering solid waste; Sports Association of Youth Support), which vision Ocyan’s Social develops jiu-jitsu sports activities, after and Environmental • Mitigation of the possible environmental school hours, for 100 children, teenagers and Responsibility impacts of the operations; young people from 12 neighborhoods in the Economic- financial Platform Cleaner Technologies city of Macaé. Also, because of the pandemic performance Emissions management • Protection of ecosystems and biodiversity; and the municipal decree that suspended Environmental and Waste management sports and contact activities, the actions were climate proactivity Biodiversity • Life cycles; interrupted in early March and remained so Social commitments Environmental education until the end of 2020. • Promotion of environmental awareness in the surrounding areas. Believing in the project’s objective and in the Environmental development of children and teenagers by commitments Local and human development Fostering education and sport activities, in the first two months of the year Ocyan donated 192m² of tatami mats sports |GRI 413-1, 203-1| ODS12, PG1 The line has as its strategic axis the The focus of this line is the creation of and R$ 10 thousand in funds for the purchase Reporting process appreciation of social and economic assets, socio-environmental programs that drive The support initiatives are fostered within the of equipment and materials that will support inspired by Ocyan’s corporate positioning in a new mentality among members and the company’s Socio-environmental Responsibility the opening of two more sport centers. the continuous search to expand the benefits community, providing financial and social Program (formerly the Escola em Ação The action is intended to reach a larger GRI to the communities surrounding its business inclusion and the development of local Program) - and cover 100% of operations, number of children and young people in the Content Index units, by harmonizing the achievement of skills through education, culture, sports, and except for the joint-venture, and are carried out Macaé region. In the year, Ocyan allocated economic results with social development. professional training. through its volunteer group and partnerships R$ 240 thousand to the sponsored socio- with non-governmental organizations. environmental responsibility activities. Corporate information Ocyan Annual Report 2020 46A Table of Contents

Community actions during The company guaranteed the purchase of 45 Presentation the pandemic thousand masks produced by the students, which were donated to the communities Facing the adversities imposed by the where they live. All the material used for this pandemic, Ocyan has stepped up to offer production was also supplied by Ocyan. Message of the president the community proactive preventive actions, with the intention of minimizing the effects The project was developed in partnership caused by Covid-19. Since the beginning of with the NGO Associação Providenciando the crisis, basic food baskets and mattresses a Favor da Vida - responsible for receiving Ocyan were donated to communities in Cabo Frio the funds, making the payments, testing (RJ) and acetate sheets to UFRJ (Macaé) to the masks received, and distributing them manufacture masks for health professionals. to the communities - and the Cooperativa Corporate Maravilha - responsible for teaching the governance In addition, the company also sought to course, both of which focus on collective offer support initiatives that could stimulate social action for social and community work Strategic entrepreneurship, generating new job vision opportunities and, consequently, income. PPE Donation Among them are: The company donated 3,600 personal Economic- financial Vocational training protective equipment (PPE) to the Associação performance União Fraterna ADVIR, which directed the One of the initiatives was a three-month items to the Macaé Public Hospital, which professional training course in fashion serves the city and region. Among them were Social commitments and sewing, conducted virtually. The nitrile rubber safety gloves for protection content alternated between recorded and from chemical agents and latex ones for live classes, with the possibility for the hospital use, and the overalls also for health Environmental participant to interact with the instructors professionals. The entity carries out actions commitments and clarify doubts. to protect the people most affected by the pandemic, by making masks, voluntarily In addition to the investment in the distributing basic food baskets, and providing Reporting process course organization, each participant psychological assistance. The association is who completed the training was given a supported by the Rir Pra Não Chorar project, compensation for the same learning period which has been active since 2016 in hospitals, GRI by producing face masks of the model nursing homes, schools, and events, promoting Content Index indicated by the Ministry of Health for the comprehensive health care for the population FPSO Pioneiro de Libra prevention against the new Coronavirus. through therapy and spirituality.

Corporate information Ocyan Annual Report 2020 47A Table of Contents Strategy oriented towards Presentation The environmental performance in the sustainable growth, with operations is periodically followed up by means of a set of indicators and the results impact directly or indirectly Message of the president conscientious use of resources on the Profit-Sharing program, both for the leaders and the subordinates. and respect for the environment The constant monitoring also aims to ensure compliance with the laws Ocyan and environmental regulations that govern the industry, and to ensure Responsible effluents, industrial liquid effluents, customer satisfaction. Additionally, Corporate atmospheric emissions, and the use of several compliance audits are governance management natural resources and inputs such as performed during the year. |GRI 103-1, 103-2, 103-3_300| water, changes in aquatic habitats, and Strategic energy, among others. The company Spillages vision Ocyan is a company committed to the adopts procedures so that its activities conservation of natural resources and are carried out efficiently and safely, One of the risks related to the well drilling the constant reduction of the use of always in compliance with official activity is the leakage of oil into the sea, Economic- financial non-renewable resources. Its performance regulations and standards and seeking a situation that can also cause serious performance in this regard is guided by an efficient the best practices whenever possible. damage to the environment, the affected environmental management system, communities, the customer, the business, certified by the ISO 14001 standard, The environmental management features and the company’s image. In offshore Social commitments and supported by the Sustainability regulations, guidelines, and instructions for production activities this risk is higher, for Policy. In the Action Program (PA) of emergency situations. These procedures example, during oil transfer activities and leaders and subordinates, eco-efficiency detail the diagnosis of the aspects in case of a hull breach accident affecting Environmental targets are agreed upon, including and impacts of the activities and the the storage tanks. commitments those linked to variable compensation, definition of measures to eliminate which follow the guidelines of the or mitigate them; the preparation for Ocyan invests in asset maintenance Global Compact and the Sustainable emergency response that may impact management, qualification of members, Reporting process Development Goals (SDGs) - UN the environment; the appropriate operational procedures, training, and initiatives to which Ocyan is a signatory. management of waste, effluents, and educational campaigns as preventive emissions; the training and qualification measures so that events are avoided, GRI The planning of activities to prevent and of all members in environmental in addition to the preparation for Content Index control environmental impacts includes education, to work with a focus on controlling spills, in case any situation of Environmental the management of solid waste, sanitary prevention; among other relevant topics. this nature occur. commitments Corporate information Ocyan Annual Report 2020 48A Table of Contents

There were no significant spills in 2020, in slip joints, real-time monitoring of GHG The energy consumed outside the Presentation considering the 100-barrel parameter or spills emissions from drilling rigs, a feasibility study company amounted to 6,790,024 GJ in in sensitive area. |GRI 307-1| ODS12, ODS13, ODS14, for the conversion of drilling rigs to hybrid 2020, a 15.7% reduction from the previous ODS15, PG7, PG8 energy, and a waste optimization program. year (8,051,819). In this case, the result was impacted by the end of the contract for Message of the president Eco-efficiency Master Plan This is a pilot plan that will serve as a reference the PLSVs and the Delba III drilling rig, so |GRI 103-1, 103-2, 103-3_300| for the company’s other businesses, which there was no operation of these assets. experiences and learning will be shared and The assets are no longer part of the The Ocyan Drilling Unit Eco-Efficiency Master opportunities for synergy captured. Ocyan company’s portfolio. Ocyan Plan aims to assess the feasibility, propose increasingly works the transversality among and implement innovative actions and process its businesses, enriching the discussions and Power consumed inside the company (GJ) improvements with environmental interface bringing out new opportunities. |GRI 302-1| ODS7, ODS8, ODS12, ODS13, PG7, PG8 Corporate at the maritime drilling units and land bases, governance aiming at eco-efficiency excellence. Non-renewable sources

2019 2020 Strategic The plan is in line with the guidelines of Conscious use vision Ocyan’s Sustainability Policy, meeting of resources Gigajoules Gigajoules customer and market expectations, and the UN Global Compact’s Sustainable Gasoline (L) 1,293 998 Economic- financial Development Goals. It was designed in Energy |GRI 103-1, 103-2, 103-3_302| Diesel (L) 518 773 performance two-year cycles, with the first cycle to be completed in the first half of this year. In 2020, the total energy consumed within Well natural gas (m3) 74,962 73,099 Ocyan was of 102,065 gigajoules (GJ). Social Marine diesel oil (L) 208,539 20,714 commitments The Plan includes projects with themes such The result, which considers the use of as preventing oil spills at sea, reducing the renewable and non-renewable sources Renewable sources consumption of natural resources, using more - as shown in the following table - is Ethanol 332 256 Environmental environmentally friendly products, energy 65.5% lower than the one recorded in 2019 commitments efficiency and reducing greenhouse gas (GHG) (295,157 GJ). The main reason for this drop Biodiesel 56 92 emissions, reducing the volume of waste sent was the shorter docking (off contract) to landfills, and environmental education. period of the fleet in 2020 compared to Electricity 9,307 6,134 Reporting process 2019, with the highlight being the start of Total 295,007 102,065 During the year, projects were developed/ the new Norbe VI rig contract in the year. implemented such as the digital platform All the energy consumed by the rigs when GRI monitoring of environmental indicators, they are docked is accounted for by the Content Index environmental campaigns, Six Sigma projects organization, adopting the operational for the management of critical hoses and leaks control approach.

Corporate information Ocyan Annual Report 2020 49A Table of Contents

Power consumed outside the company (GJ) Presentation |302-2| ODS7, ODS8, ODS12, ODS13, PG8 Water |GRI 103-1, 103-2, 103-3_303|

Chain of suppliers before company operation Much of the water used in the offshore The company does not set any consumption units is produced onboard, using targets, since its assets are granted to the Message of 2019 2020 the president seawater as the primary source, through customer and the volume used is a direct Procured goods and services 4,695 2,860 a desalination process. Only a small part consequence of the operation agreed in comes from continental springs, supplied contract with the customer. Activities related to the fuel and energy industry 278,553 55,546 by the customer, collected on land and Ocyan Transportation and distribution 14,668 7,552 transported to the maritime units by In 2020, the volume of water extracted from the customer’s vessels. At the logistical water sources by Ocyan totaled 1,288.51 Business travels 48,208 42,701 support onshore bases, the supply is million liters, being 21.6% lower than the 2019 Corporate made by public utilities, and the water is result (1,642.65 million liters). A total of 77.67 governance After the operation, including logistics providers, resellers and customers intended only for human consumption and million liters were consumed internally. There Leased assets (downstream) 7,705,694 6,681,365 sanitary sewage. was no recycling or reuse of water in the company’s operations in the year. |GRI 303-3, Strategic Total 8,051,819 6,790,024 vision The assessment of water consumption 303-5| | ODS6, PG7, PG8 in operations is carried out by means of internal procedures, which consider Economic- financial the selection of the areas covered, the performance Power consumed inside the Power consumed outside the activities, and the services involved. company (GJ) | GRI 302-1 | company (GJ) | GRI 302-2 | Furthermore, the company relies on a multidisciplinary team formed to gather Social commitments information on environmental aspects 295,007 8,051,819 -15.7% and assess the possible impacts, by considering the severity and frequency/ Environmental 6,790,024 probability of the occurrence of the commitments -65.5% aspect, assessing its significance and managing the water based on the legal requirements, the customer’s requirements, Reporting process and the conservation of natural resources. 102,065 Where applicable minimum requirements are set for suppliers and service providers GRI that pose significant water-related Content Index impacts. |GRI 303-1| ODS6, PG7, PG8

2019 2020 2019 2020 Corporate information Ocyan Annual Report 2020 50A Table of Contents Water collection by source Total water collection (million liters) Waste (in millions of liters) | GRI 303-3 | ODS8. PG7. PG8 | GRI 303-3 | |GRI 103-1, 103-2, 103-3_306| Ocyan Zero Landfill Program

Presentation Source 2019 2020 Most of the waste is generated in the operation The Drilling Unit (UNP) and the Integrated of the vessels and the collection of the Services Unit (UNSI) manage all the waste Sea water (total) 206.5 179.1 1,642.65 volumes is performed according to the waste generated in their activities, except for Message of the president Produced water (total) 1,395.9 1,054.4 -21.6 management plan. The waste management the Production Unit - FPSO Cidade de at oil platforms, in Brazil, is responsibility of Itajaí, which is managed by the customer 1,288.51 Third-party water (total) 40.3 55.1 the customer, in accordance with the local and have its disposal performed in an environmental licensing process. However, environmentally appropriate manner, Ocyan Total of collected water depending on the type of contract, Ocyan can using the best technologies available in (surface. groundwater. sea. 1,642.7 1,288.5 either execute the entire process, from onboard the industry. By 2020, approximately 42% produced. third-party) generation to proper final disposal on shore, or of the solid waste generated was recycled Corporate only be responsible for onboard management and 12% was sent to landfills. It does not governance Freshwater 40.3 55.1 of maritime units. We adopt methodologies include oily water and used oil. Other water 1,602.4 1,233.4 that aim, besides reducing the generation, to

Strategic 2019 2020 guarantee the proper segregation, conditioning, The initiative to work on the planning of vision storage, transport, and final disposal processes the Ocyan Zero Landfill Program aims

Note: The amounts used come from water bills, flow meters (offshore units), and purchases of water tankers and gallons of mineral water. on land, always using the best technologies to end the disposal of common waste Calculations were obtained by means of direct measurements. There was no water collection in areas with water stress. available in the industry. that cannot be recycled or reused in Economic- financial landfills. The UNP has implemented an performance The disposal of all waste is carried out online monitoring of waste management, All effluents generated on Water discharge per destination outside the organization, by a specialized including final destinations, which is board vessels are treated and third-party company. To ensure the available and accessible via dashboards Social (in million liters) |GRI 303-4| commitments discarded at sea, complying traceability of the waste generated in its for the entire company. In addition, it with the limits imposed by Source 2019 2020 activities, the company complies with started in its Logistic Support Base the the applicable legislation. The Sea/oceans 1,578.4 1,209.0 the national and international legislation segregation and more environmentally Environmental company establishes internal in force, good environmental protection friendly alternative destination of part of commitments guidelines and instructions Third-party water 8.0 1.9 practices and, whenever pertinent, considers the common waste. In 2021, the project will for their management, which the life cycle perspective to minimize the be implemented in the Maritime Units. foresee the type of treatment Total disposed (surface waters + environmental impacts associated with the Reporting groundwaters + sea/oceans + third- 1,586.4 1,210.8 and the minimum control activity. |GRI 306-1, 306-2 | ODS3, ODS6, ODS11, The Ocyan Zero Landfill Program will be a process party water) standards. In 2020, a total of ODS12, PG8 program to be carried out in the medium 1,210.84 million liters of water Disposal per type of water term and in a structured way for all the GRI were discarded, a volume 23.7% In 2020, the waste generated from Ocyan’s company’s businesses. Content Index less than that discarded in 2019 Freshwater 190.5 156.5 operations amounted to 1,442.28 tons (1,586.40). |GRI 303-2| (hazardous waste) and 1,075.03 tons Other waters 1,395.9 1,054.4 (non-hazardous waste). Corporate information Ocyan Annual Report 2020 51A Table of Contents

1 1 Disposal of waste |GRI 306-3| ODS3. ODS11. ODS12. PG8 Waste not destined for disposal (t) |GRI 306-4| ODS3, ODS11, ODS12, PG8

Presentation Generated Waste not destined Waste destined Hazardous Hazardous waste (t) for disposal (t) for disposal (t) Prepared for reuse 10.2 Batteries 2 10.7 10.3 0.3 Message of Recycling 1,047.9 the president Electronics and 13.3 13.0 0.3 fluorescent lamps3 Other recovery operations 4.3

Health waste (t) 0.0 0.0 0.0 Total 1,062.3 Ocyan Oils and greases 1,035.9 1,015.7 20.3 Non hazardous

Other hazardous waste Recycling 597.4 Corporate (contaminated solids and 382.4 23.3 359.1 governance chemicals out of use) Total 597.4

Total 1,442.3 1,062.3 379.9 Avoided waste 1,659.7 Strategic 1. The disposal of all waste is carried out outside the organization, by a specialized third-party company. vision Generated Waste not destined Waste destined Non hazardous waste (t) for disposal (t) for disposal (t) 1 Economic- Paper/cardboard waste 34.9 34.9 0.0 Waste destined for disposal (t) |GRI 306-5| ODS3, ODS11, ODS12, PG8 financial performance Mixed urban waste Method of disposal Hazardous Non hazardous 174.3 0.0 174.3 (common) Incineration (with energy recovery) 378.8 142.6 Social Metal 512.9 512.9 0.0 commitments Incineration (without energy recovery) 0.1 0.0 Plastic 34.0 34.0 0.0 Landfill containment 1.0 170.3 Glass 3.4 3.4 0.0 Environmental Other disposal operations 0.0 164.8 commitments Wood 140.1 2.5 137.6 Total 379.9 477.7 Rubber 1.0 0.0 1.0 Reporting 1. The disposal of all waste is carried out outside the organization, by a specialized third-party company. process Kitchen oil 8.7 8.7 0.0

Organic 165.7 1.0 164.8

GRI Total 1,075.0 597.4 477.7 Content Index

1. Waste from the Offshore Production and Logistics area is managed 2. 1 battery = 0.0001 t by the Customer 3. 1 Lamp = 0.0002 t Corporate information Ocyan Annual Report 2020 52A Table of Contents Climate changes Risks and opportunities of climate changes |GRI 201-2| ODS13, PG7 |GRI 103-1, 103-2, 103-3_201| Risks Presentation The transition of the global energy matrix is moving towards an increase in the share Physical aspects Regulatory aspects Other aspects Associated impacts of renewable sources in its composition, Climate change may increase The increased demand for which represents a risk for the oil and • New regulations and • Initially, there will be an increase in operating costs Message of the incidence of cyclones renewable energy may expose agreements may be due to the need for adaptation measures to the the president gas industry. Knowing Ocyan’s need and and storms in an offshore Ocyan, as its service portfolio is implemented to reduce the new climate scenario, including the incorporation of capacity for resilience and adaptation, the environment, posing risks entirely linked to the oil and gas impacts of climate change technologies and changes in the operational bases. to workers, assets, and to production chain. issue is managed at the strategic level to and contribute to the the continuity of operations. • Insurance costs and operating expenses tend to seek mitigation measures for the associated fulfillment of the goals agreed Ocyan The risk of adverse weather increase with extreme weather variation. However, upon among countries for the risks and to generate opportunities for conditions is included in the these risks are evaluated in business and projects, reduction of carbon emissions. the development of a cleaner operation. Safety Case studies of each and are tied to contractual clauses so as not to unit, determining barriers to impact revenue. Regarding Ocyan’s operations, there is still • Carbon pricing initiatives may Corporate mitigate this risk. The meteo- no specific calculation of financial impacts of directly affect the need for • Decreased demand for services, because of governance oceanographic operational fossil fuels and consequently consumers choosing alternative fuels that have climate change. limits are defined in the units’ the need for upstream lower carbon emissions. Maritime Operations Manual services in the oil and gas • Possible migration of investor funding to renewable and the weather conditions Strategic As its main business segment is oil and gas, production chain. energy and lower greenhouse gas emissions. vision the company may be impacted in the event are monitored in real time. of an earlier than expected transition to a Opportunities low-carbon economy from fossil fuel demand Economic- financial to cleaner energy sources. The company Physical aspects Regulatory aspects Other aspects Associated impacts performance may also be exposed to risks related to Creation of the Innovation and • The company conducted Efficiency improvement from the • The variation in the operating cost will depend on new laws, regulations, international treaties New Business Board, which studies to improve the energy Eco-efficiency Master Plan of the technology applied and the intensity of the or agreements regarding climate change, has as one of its objectives the efficiency of the assets to efficiency improvement. Social the UNP, which aims to assess search for new business fronts, reduce the intensity of carbon commitments greenhouse gases (GHG), carbon emissions the feasibility, propose and including: emissions. • An increase in demand by the attraction of new or energy use that might decrease the use of implement innovative actions customers and markets associated with the oil or natural gas. • Implementation of • The Drilling Business is and process improvements with business. technologies to improve implementing the online the environmental interface at Environmental • Attraction of new investors interested in cleaner the energy efficiency of the monitoring of the emissions the maritime drilling units and commitments and more efficient operations. The company’s growth strategy includes the operation. coming from the engines, onshore bases. It was designed development of more advanced technologies through Ocyan SMART. • Investments in in two-years cycles, with the and new businesses lines, using non-fossil • Identify partners to carry out first cycle to be completed in Reporting decarbonization, looking for the carbon offsetting. the first half of 2021. The plan is process fuels, that bring more energy efficiency to new businesses and cleaner operations and reduce GHG emissions, and technologies. detailed on page 49. consequently help customers to reduce their GRI carbon emissions. There is also a monitoring Content Index of policies and regulations in development that affect the industry to help manage these risks.

Corporate information Ocyan Annual Report 2020 53A Table of Contents

Greenhouse gas emissions (tCO2e) GHG Emissions (tCO2e) Emissions ODS3, ODS12, ODS13, ODS14, ODS15, PG7, PG8 Presentation |GRI 103-1, 103-2, 103-3_305| 20191 2020 As defined by the Brazilian environmental licensing process, the greenhouse gas emissions Combustion - fixed sources 18,792 6,660 Scope 1 6,936 Message of (GHG) generated during the operations of the president Combustion - mobile sources 143 131 the maritime units are the responsibility of the customer (scope 1). Thus, adopting the Fugitives - refrigeration 1,867 142 operational control approach to consolidate Scope 2 111 Ocyan GHG emissions, these emissions are considered Fugitives - extinguishers 2 2 as scope 3 for Ocyan, which explains the Combustion - cut and welding 3 1 significantly higher figures for this scope. Corporate Total Scope 1 (direct emissions) |GRI 305-1| 20,807 6,936 Scope 3 493,807 governance By 2020, the company’s scope 1 emissions Electric power 188 111 (direct, under company control) totaled 6,936

Strategic tCO2e, while scope 2 emissions (referring Total Scope 2 (energy purchase) |GRI 305-2| 188 111 vision to electricity consumption) resulted in 111 Products, goods and services purchased 217 96 tCO2e, and scope 3 emissions (indirect, not controlled by the company), 493,807 tCO e. Economic- 2 Capital goods 200 11 Total GHG emissions financial |GRI 305-1, 305-2, 305-3| (scopes 1+2+3) - (tCO e) performance Fuels purchased 2,127 269 2 In the year, there was a 17.2% drop in Ocyan’s T&D losses 44 27 total GHG emissions (scopes 1+2+3) from Social commitments 604,644 tCO2e in 2019 to 500,854 tCO2e in Waste transportation 385 93 604,644 -17.2% 2020 - as shown in the following table. The Transportation of materials 40 19 reduction in scope 1 was due to the higher 500,854 Environmental operational availability of the assets and Waste 270 555 commitments the shorter docking period of the fleet. The fall in scope 2, which represents emissions Air and ground travel 2,391 2,188 from electricity consumption, was caused Reporting Operation of assets 577,975 490,550 process by the reduction of activities in the offices and support bases. Regarding scope 3, the Total Scope 3 (indirect emissions) |GRI 305-3| 583,649 493,807 decrease was due to the termination of the Overall total (1+2+3) 604,644 500,854 GRI contract for the PLSVs and the Delba III Content Index drilling rig. 1. 2019 emissions have been recalculated to include the equity ownership approach (50%) of the PLSVs operation, in partnership with TechnipFMC, and inclusion of emissions related to coolant gases from the drilling business. 2019 2020

Corporate information Ocyan Annual Report 2020 54A Table of Contents

Ocyan has sustainability as one of its 1. The impacts (positive and Presentation fundamental values and understands negative, current and potential) that it is a subject that is and will be of Ocyan companies’ operations increasingly inserted in its strategic on the economy, society and the plan. The company is aware of environment; Message of the president market trends, willing to adopt the best practices to adapt to changing 2. The view on points that influence scenarios and challenges. (positively and negatively) the relationship with Ocyan; Ocyan In this context, Ocyan conducted a new process in 2020 to identify the 3. An assessment of the technological, most relevant topics for its business economic, environmental, social, and Corporate - the last one had been conducted cultural trends that are expected governance in 2016 - with the aim of ensuring to exert the greatest influence on a strategic management of these the future of the company and its Strategic topics that will aggregate value to the business, as well as on the planet. vision company and other stakeholders. The survey was conducted between The process included consultation October 8 and 29, through the online Economic- financial with the company’s main leaders and tool Survey Monkey. Responses performance stakeholders’ representatives, based were received from 33 audience on a previously prepared survey. representatives, out of a total The audiences were selected based of 167 consulted, among them: Social commitments on the influence each group has on Customers and prospects, entities business decisions and the impact and associations, financial market, Ocyan has on each. |GRI 102-42| shareholders, NGOs, suppliers, and Environmental staff members. The Business View was commitments The main objective was to identify obtained from the responses of six the perceptions of the company’s directors and three board members. internal and external audiences. Reporting process Nineteen topics were consolidated for rating from 1 to 5 stars, according to the evaluation of the importance of GRI each one from the following points: Content Index Reporting

process |GRI 102-46| Corporate information Ocyan Annual Report 2020 55A Table of Contents

Presentation Methodology Message of the president

Phase 1 - Identifying the Phase 2 - External Phase 3 - Internal Phase 4 - Priority and Phase 5 - Determination issues relevance assessment relevance assessment materiality matrix of GRI contents Ocyan

Identification of the set of topics that may be The step consisted of two processes: Analysis and determination Consolidation of results Analysis of the Corporate relevant to Ocyan, in order to obtain a first list for of internal relevance of topics obtained in Phases 2 and subjects listed by governance further analysis of their degree of relevance in • Online consultation, using the identified in Phase 1 in order to 3 for the classification of the GRI Standards. relation to the company (Phase 2. Assessment of Survey Monkey tool, with e-mails establish topics that are material subjects depending on their Comparison of Strategic external relevance). Reference Sources: sent to 167 representatives of the to Ocyan. The step consisted of importance for Ocyan and these topics with vision relationship audiences (financial two moments: its relationship groups. The the material issues • External: Oil & Gas Companies, Dow Jones market, staff members, customers results were expressed in identified in Phase Sustainability Index (DJSI), Sustainability and prospects, shareholders, • Consultation with shareholders a graphical representation, 4. Correlation Economic- financial Accounting Standards Board (SASB), World suppliers, entities and NGOs). and directors through the Ocyan Materiality of the material performance Business Council for Sustainable Development the Survey Monkey tool. Matrix. topics with the 10 (WBCSD), World Economic Forum, etc. • External relevance analysis of Emails were sent to seven principles of the UN topics identified in Phase 1, to shareholders and eight Global Compact, of Social commitments • Internal: Ocyan 2019 sustainability report, ascertain the material topics directors. which Ocyan is a relevant company and press publications, Ocyan based on the sources consulted. signatory, and with 2016 and Odebrecht 2019 materiality analysis, The level of information reported • Internal relevance analysis of the 17 Sustainable Environmental Business Leader Action Program (PA) etc. by the companies in the topics identified in Phase 1, Development Goals commitments industry was assessed and, if to measure the adherence of (SDGs). applicable, the existence or not of material topics. performance targets. Reporting process

Results: Preliminary list of topics. Result: list of identified subjects and ranking Results: Matrix and list Results: Relationship of GRI according to weightings given. of material subjects. GRI and SDG contents. Content Index

Corporate information Ocyan Annual Report 2020 56A Table of Contents

Material Subjects • People development of the relationship audiences (customers, In both views, the subjects Ethics and |GRI 102-47| Presentation financial market, staff members, suppliers, Integrity were ranked first. • Relationship with the communities communities, etc.): three customers; Nine subjects were considered priorities. three suppliers; three financial market They reflect the highest scores, both in the For each subject, Ocyan establishes representatives; and 21 staff members. Message of the president perception of stakeholders and Business. objectives and goals to be met in the short, They are as follows: medium, and long term. The subjects Water, Ocyan 2020 Materiality Matrix Energy, Emissions, and Climate Change, even • Ethics and integrity with below average scores, are addressed in Ocyan Environmental Impacts. • Compliance + Ethics and integrity Environmental Corporate • Safety and occupational health impacts Compliance governance Materiality Matrix Human rights Safety and Customer health • Environmental impacts The objective of the materiality matrix is satisfaction

Strategic to graphically display the priority topics Economic vision • Economic performance to support the preparation of strategic performance plans, considering the expectations of the Waste management People development Risk management • Customer satisfaction stakeholders and the impact on corporate Economic- Suppliers Innovation and technology financial sustainability. It also guides the content of the Communities performance • Risk management company’s Annual Report. Diversity Water • Diversity and equal opportunities The preparation of the Materiality Matrix Energy Social Job creation commitments consists of two steps: Calculation of the Emissions • Innovation and technology score of the researched items; Graphical representation of the obtained scores.

Stakeholders View Stakeholders Climate Environmental Five subjects were rated as relevant. They changes commitments reflect the high score by stakeholders The matrix is composed of two axes: and the approach may be somewhat less in-depth. They are as follows: • Horizontal axis – Represents the relevant Reporting Economic subjects process subjects from the company’s point of view, • Compliance with human rights as weighted by: six directors and three Environmental subjects members of the Board of Directors. Social subjects

GRI • Waste management - Content Index • Vertical axis – Establishes the vision about • Responsibility in supplier management the points that interfere in the perception - Business View +

Corporate information Ocyan Annual Report 2020 57A Table of Contents

Change in the list of material topics |GRI 102-49| GRI Topic Internal limit External limit |GRI 103-1| |GRI 103-1| Presentation Materiality Process 2020 Climate Change Suppliers, government, All operations - Anti-Corruption (now Ethics and Integrity) (201-2) communities - Compliance Message of - Occupational Safety (now Health & Safety) Emissions Suppliers, government, the president Maintained subjects All operations - Economic Performance Environmental (305-1 a 3-5-7) communities - Risk management (including emergency preparation, material impacts Water Suppliers, government, in the previous cycle) All operations (303-1 a 303-4) communities Ocyan - Innovation and technology Energy Suppliers, government, - Environmental Impacts All operations Included subjects - Customer satisfaction (302-1 a 302-5) communities - Diversity and Equal opportunities Shareholders, customers, Corporate Economic Economic Performance All operations government, sponsors, governance (201-a 201-4) Performance suppliers

Customer satisfaction Performance All operations Customers Strategic Material topics and limits |GRI 102-47| vision Impacts, risks Shareholders, customers, GRI Topic Internal limit External limit Risk management and opportunities All operations government, suppliers, |GRI 103-1| |GRI 103-1| (102-15, 102-29 a 102-31) communities Economic- financial Priority subjects Diversity and performance Diversity Equal Opportunity All operations Suppliers, communities Shareholders, customers, Anti-Corruption (405-1, 405-2) All operations government, sponsors, (205-1 to 205-3) suppliers, communities Shareholders, customers, Social Innovation and commitments - All operations government, suppliers, Unfair Competition technology Ethics and Integrity All operations Competitors communities (206-1) Relevant subjects Environmental Shareholders, customers, Public Policies commitments All operations government, suppliers, (415-1) Discrimination (406-1) All operations Suppliers, communities communities Human Rights Assessment Environmental Compliance All operations Suppliers, communities Reporting All operations Shareholders, suppliers (412-1 a 412-3) process (307-1) Compliance Compliance with Freedom of association, Socioeconomic child labor, forced labor, All operations Shareholders, suppliers human rights All operations Suppliers Compliance (419-1) indigenous rights GRI (407-1, 408-1, 409-1, 411-1) Content Index Occupational Health Safety practices Safety and health and Safety All operations Suppliers All operations Suppliers, communities (403-1 403-10) (410-1) Corporate information Ocyan Annual Report 2020 58A Table of Contents

GRI Topic Internal limit External limit Presentation |GRI 103-1| |GRI 103-1|

Waste Suppliers, communities, Waste management All operations (306-1 a 306-5) governments Message of Responsibility the president Procurement practices Suppliers, communities, in supplier All operations (204-1) governments management

Qualification and training Ocyan People development All operations Communities (404-1 a 404-3)

Indirect economic impacts All operations Suppliers, communities Corporate (203-1, 203-2) governance Relationship with the communities Local communities All operations Suppliers, communities (413-1, 413-2) Strategic vision

Priority subjects for relationship audiences |GRI 102-44| Economic- financial Audience 5 prioritized subjects performance Ethics and integrity, Environmental impacts, Economic performance, Customers Occupational health and safety, Enforcement of human rights Social commitments Compliance, Customer satisfaction, Environmental impacts, Ethics and Staff members integrity, Occupational health and safety

Economic performance, Ethics and integrity, Environmental impacts, Environmental Financial market Occupational health and safety, Responsibility in supplier management commitments Ethics and integrity, Compliance, Enforcement of human rights, Economic Suppliers performance, Risk management Reporting process

GRI Content Index

Corporate information Ocyan Annual Report 2020 59A Table of Contents

This report has been prepared in accordance with the GRI Standards: Core option Presentation |GRI 102-54|

For the Materiality Disclosures Service, GRI Services reviewed that the GRI content index is clearly presented and the references for Disclosures 102-40 to 102-49 align Message of the president with appropriate sections in the body of the report The service was performed on the Portuguese version of the report.

Ocyan

Corporate GRI Standards Disclosure Page number Omission Global SDG governance Compact GRI 101: Foundation 2016

Strategic 102-1 Name of the organization 6 - - - vision 102-2 Activities, brands, products, and services 6 - - -

Economic- 102-3 Location of headquarters 6, 73 - - - financial performance 102-4 Location of operations 6 - - - 102-5 Ownership and legal form 6, 10 - - - Social commitments 102-6 Markets served 6 - - -

GRI 102: General 102-7 Scale of the organization 6, 9 - - - Environmental Disclosures 2016 102-8 Information on employees and 32, 33 - 6 8 commitments other workers

102-9 Supply chain 44 - - - Reporting 102-10 Significant changes to the organization process 44 - - - and its supply chain

102-11 Precautionary Principle or approach 15 - - - GRI GRI Content Index 102-12 External initiatives 19 - - - 102-13 Membership of associations 19 - - - Content Index |GRI 102-55| Corporate information Ocyan Annual Report 2020 60A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG Presentation 102-14 Statement from senior decision-maker 4 - - - GRI 102: General Disclosures 2016 102-15 Key impacts, risks, and opportunities 15, 18, 22 - - - Message of 102-16 Values, principles, standards, and norms of behavior 11 - 10 16 the president GRI 102: General Disclosures 2016 102-17 Mechanisms for advice and concerns about ethics 13 - 10 16

Ocyan 102-18 Governance structure 10 - - -

102-19 Delegating authority 10 - - -

Corporate 102-20 Executive-level responsibility for economic, environmental, 11 - - - governance and social topics

102-22 Composition of the highest governance body and its 10 - - 5, 16 Strategic committees vision 102-23 Chair of the highest governance body 10, 73 - - 16 GRI 102: General Economic- 102-26 Role of highest governance body in setting purpose, Disclosures 2016 17 - - - financial values, and strategy performance 102-29 Identifying and managing economic, environmental, 15 - - 16 and social impacts Social commitments 102-30 Effectiveness of risk management processes 15 - - -

102-31 Review of economic, environmental, and social topics 15 - - - Environmental The CEO formally analyzes and approves commitments 102-32 Highest governance body's role in sustainability reporting - - - the published information

102-40 List of stakeholder groups 21 - - - Reporting process 102-41 Collective bargaining agreements 31 - 3 8 GRI 102: General Disclosures 2016 102-42 Identifying and selecting stakeholders 55 - - - GRI Content Index 102-43 Approach to stakeholder engagement 19, 20, 21, 44 - - -

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GRI Standards Disclosure Page number Omission Global Compact SDG Presentation GRI 102: General 102-44 Key topics and concerns raised 59 - - - Disclosures 2016

Message of 102-45 Entities included in the consolidated financial statements 3 - - - the president 102-46 Defining report content and topic boundaries 55 - - -

102-47 List of material topics 57, 58 - - - Ocyan 102-48 Restatements of information No events. - - -

102-49 Changes in reporting 58 - - - Corporate governance 102-50 Reporting period 3 - - - GRI 102: General Disclosures 2016 102-51 Date of most recent report 3 - - - Strategic vision 102-52 Reporting cycle 3 - - -

102-53 Contact point for questions regarding the report 73 - - - Economic- financial 102-54 Claims of reporting in accordance with the GRI Standards 60 - - - performance 102-55 GRI content index 60 - - - Social 102-56 External assurance 3 - - - commitments Material Topics

Environmental GRI 200 Economic Standard Series commitments Economic Performance

Reporting 103-1 Explanation of the material topic and its boundary 10, 53, 58 - - - process GRI 103: Management 103-2 The management approach and its components 10, 15, 16, 53 - - - Approach 2016 GRI 103-3 Evaluation of the management approach 10, 15, 16, 53 - - - Content Index

Corporate information Ocyan Annual Report 2020 62A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG Presentation 201-1 Direct economic value generated and distributed 30 - - 2, 5, 7, 8, 9 GRI 201: Economic 201-2 Financial implications and other risks and opportunities Performance 2016 53 - 7 13 Message of due to climate change the president Indirect economic impacts

103-1 Explanation of the material topic and its boundary 45, 59 - - - Ocyan GRI 103: Management 103-2 The management approach and its components 45 - - - Approach 2016 103-3 Evaluation of the management approach 45 - - - Corporate governance GRI 203: Indirect economic impacts 203-1 Infrastructure investments and services supported 46 - - 2, 5, 7, 9, 11 2016 Strategic vision Procurement practices

103-1 Explanation of the material topic and its boundary 44, 59 - - - Economic- GRI 103: financial performance Management 103-2 The management approach and its components 44 - - - Approach 2016 103-3 Evaluation of the management approach 44 - - - Social commitments GRI 204: Procurement 204-1 Proportion of spending on local suppliers 44 - - 12 practices 2016 Environmental commitments Anti-corruption

103-1 Explanation of the material topic and its boundary 11, 58 - - - GRI 103: Reporting 103-2 The management approach and its components 11 - - - process Management Approach 2016 103-3 Evaluation of the management approach 11 - - -

GRI 205-2 Communication and training about anti-corruption policies 14 10 16 Content Index GRI 205: Anti- and procedures corruption 2016 205-3 Confirmed incidents of corruption and actions taken No events in the year. 10 16 Corporate information Ocyan Annual Report 2020 63A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG

Presentation Anti-competitive behavior

103-1 Explanation of the material topic and its boundary 11, 58 - - - Message of GRI 103: the president Management 103-2 The management approach and its components 11 - - - Approach 2016 103-3 Evaluation of the management approach 11 - - -

Ocyan GRI 206: Anti- 206-1 Legal actions for anti-competitive behavior, anti-trust, and No events in the year. - 16 competitive monopoly practices behavior 2016

Corporate GRI 300 Environmental Standards Series governance Energy

Strategic 103-1 Explanation of the material topic and its boundary 49, 58 - - vision GRI 103: Management 103-2 The management approach and its components 49 - - Approach 2016 Economic- 103-3 Evaluation of the management approach 49 - - financial performance 302-1 Energy consumption within the organization 49, 50 7, 8 7, 8, 12, 13 GRI 302: Energy 2016 302-2 Energy consumption outside of the organization 49, 50 8 7, 8, 12, 13 Social commitments Water and effluents

103-1 Explanation of the material topic and its boundary 50, 58 - - Environmental commitments 103-2 The management approach and its components 50 - - GRI 103: Management 303-1 Interactions with water as a shared resource 50 - - Reporting Approach 2018 process 303-2 Management of water discharge-related impacts 50 7, 8 6

303-3 Water withdrawal 51 7, 8 6 GRI 303-4 Water discharge 50 7, 8 6 Content Index GRI 303: Water and effluents 2018 303-5 Water consumption 51 7, 8 6 Corporate information Ocyan Annual Report 2020 64A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG

Presentation Emissions

103-1 Explanation of the material topic and its boundary 54, 58 - - - GRI 103: Message of Management 103-2 The management approach and its components 54 - - - the president Approach 2016 103-3 Evaluation of the management approach 54 - - -

305-1 Direct (Scope 1) GHG emissions 54 - 7, 8 3, 12, 13, 14, 15 Ocyan GRI 305: 305-2 Energy indirect (Scope 2) GHG emissions 54 - 7, 8 3, 12, 13, 14, 15 Emissions 2016

Corporate 305-3 Other indirect (Scope 3) GHG emissions 54 - 7, 8 3, 12, 13, 14, 15 governance Waste

103-1 Explanation of the material topic and its boundary 51, 59 - - Strategic vision 103-2 The management approach and its components 51 - - - GRI 103: Economic- Management 103-3 Evaluation of the management approach 51 - - - financial Approach 2020 performance 306-1 Waste generation and significant waste-related impacts 51 - 8 3, 6, 11, 12

306-2 Management of significant waste-related impacts 51 - 8 3, 6, 11, 12 Social commitments 306-3 Waste generated 52 - 8 3, 11, 12 GRI 306: 306-4 Waste diverted from disposal 52 - 8 3, 11, 12 Waste 2020 Environmental commitments 306-5 Waste directed to disposal 52 - 8 3, 11, 12 Environmental compliance

Reporting 103-1 Explanation of the material topic and its boundary 11, 58 - - - process GRI 103: Management 103-2 The management approach and its components 11 - - - Approach 2016 GRI 103-3 Evaluation of the management approach 11 - - - Content Index

Corporate information Ocyan Annual Report 2020 65A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG Presentation GRI 307: Environmental 307-1 Non-compliance with environmental laws and regulations 49 - 8 12, 13, 14, 15 compliance2016 Message of the president Supplier environmental assessment

103-1 Explanation of the material topic and its boundary 44, 59 - - - GRI 103: Ocyan Management 103-2 The management approach and its components 44 - - - Approach 2016 103-3 Evaluation of the management approach 44 - - - Corporate GRI 308: Supplier governance 308-2 Negative environmental impacts in the supply chain and 45 - 8 - environmental actions taken assessment 2016 Strategic vision GRI 400 Social Standards Series

Employment Economic- financial 103-1 Explanation of the material topic and its boundary 31, 58 - - - performance GRI 103: Management 103-2 The management approach and its components 31 - - - Approach 2016 Social 103-3 Evaluation of the management approach 31 - - - commitments GRI 401: 401-2 Benefits provided to full-time employees that are not 41 - 6 5, 8 Employment 2016 provided to temporary or part-time employees Environmental commitments Occupational health and safety

103-1 Explanation of the material topic and its boundary 39, 58 - - - Reporting 103-2 The management approach and its components 39 - - - process Management Approach 2018 103-3 Evaluation of the management approach 39 - - - GRI 403-1 Occupational health and safety management system 39 - - 8 Content Index

Corporate information Ocyan Annual Report 2020 66A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG Presentation 403-2 Hazard identification, risk assessment, and incident 39 - - 8 investigation

Message of 403-3 Occupational health services 40 - - 8 the president 403-4 Worker participation, consultation, and communication on GRI 103: 40 - - 8 occupational health and safety Management Ocyan Approach 2018 403-5 Worker training on occupational health and safety 40 - - 8

403-6 Promotion of worker health 38, 42 - - 3, 8

Corporate 403-7 Prevention and mitigation of occupational health and safety 39 - - 8 governance impacts directly linked by business relationships

403-8 Workers covered by an occupational health and safety GRI 403: 39 - - 8 management system Strategic Occupational health vision and safety 2018 403-9 Work-related injuries 41 - - 8

Economic- Training and education financial performance 103-1 Explanation of the material topic and its boundary 31, 59 - - - GRI 103: Management 103-2 The management approach and its components 31, 36 - - - Social Approach 2016 commitments 103-3 Evaluation of the management approach 31, 36 - - -

404-1 Average hours of training per year per employee 37 - 6 4, 5, 8 Environmental GRI 404: Training commitments 404-2 Programs for upgrading employee skills and transition and education 2016 36, 37 - - 8 assistance programs

Reporting Diversity and equal opportunity process 103-1 Explanation of the material topic and its boundary 34, 58 - - - GRI 103: 103-2 The management approach and its components 34 - - - GRI Management Content Index Approach 2016 103-3 Evaluation of the management approach 34 - - -

Corporate information Ocyan Annual Report 2020 67A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG Presentation GRI 405: Diversity and equal 405-1 Diversity of governance bodies and employees 34, 35, 36 - 6 5, 8 opportunity 2016 Message of the president Non-discrimination

103-1 Explanation of the material topic and its boundary 11, 34, 58 - - - GRI 103: Ocyan Management 103-2 The management approach and its components 11, 34 - - - Approach 2016 103-3 Evaluation of the management approach 11, 34 - - - Corporate GRI 406: Non- governance 406-1 Incidents of discrimination and corrective actions taken 13 - 6 5, 8, 16 discrimination 2016

Strategic Freedom of Association and Collective Bargaining vision 103-1 Explanation of the material topic and its boundary 31, 58 - - - GRI 103: Economic- Management 103-2 The management approach and its components 31 - - - financial Approach 2016 performance 103-3 Evaluation of the management approach 31 - - -

GRI 407: Freedom Social of Association 407-1 Operations and suppliers in which the right to freedom of 31 3 8 commitments and Collective association and collective bargaining may be at risk Bargaining 2016

Environmental Child Labor commitments 103-1 Explanation of the material topic and its boundary 44, 58 - - - GRI 103: 103-2 The management approach and its components 44 - - - Reporting Management process Approach 2016 103-3 Evaluation of the management approach 44 - - -

GRI GRI 408: Child 408-1 Operations and suppliers at significant risk for incidents Content Index 45 5 8, 16 Labor 2016 of child labor

Corporate information Ocyan Annual Report 2020 68A Table of Contents GRI Standards Disclosure Page number Omission Global Compact SDG

Presentation Forced or compulsory labor

103-1 Explanation of the material topic and its boundary 44, 58 - - - GRI 103: Message of Management 103-2 The management approach and its components 44 - - - the president Approach 2016 103-3 Evaluation of the management approach 44 - - -

GRI 409: Forced or 409-1 Operations and suppliers at significant risk for incidents of Ocyan 45 - 4 8 compulsory labor forced or compulsory labor 2016

Corporate Security Practices governance 103-1 Explanation of the material topic and its boundary 11, 58 - - - GRI 103: Management 103-2 The management approach and its components 11 - - - Strategic Approach 2016 vision 103-3 Evaluation of the management approach 11 - - -

There is no specific human rights training at Economic- GRI 410: Security 410-1 Security personnel trained in human rights policies or the company. Training on this topic is carried financial - 1 16 procedures out through adherence to the Ocyan Code of performance Practices 2016 Conduct and the Supplier Code of Conduct.

Social Rights of Indigenous Peoples commitments 103-1 Explanation of the material topic and its boundary 11, 58 - - - GRI 103: Management 103-2 The management approach and its components 11 - - - Environmental Approach 2016 commitments 103-3 Evaluation of the management approach 11 - - -

GRI 411: Rights of Reporting Indigenous Peoples 411-1 Incidents of violations involving rights of indigenous peoples No events in the year. - 1 2 process 2016

Human Rights Assessment GRI Content Index GRI 103: Management 103-1 Explanation of the material topic and its boundary 11, 58 - - - Approach 2016 Corporate information Ocyan Annual Report 2020 69A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG Presentation GRI 103: 103-2 The management approach and its components 11 - - - Management Approach 2016 103-3 Evaluation of the management approach 11 - - - Message of the president There is no specific assessment of human rights. The company disseminates the issue through 412-1 Operations that have been subject to human rights reviews or guidelines contained in its Code of Conduct and - 1 - impact assessments Code of Conduct for Suppliers. All members, Ocyan service providers and contracted suppliers receive guidance on these documents. GRI 412: Human Rights Assessment The theme is part of Ocyan’s Code of Conduct. Corporate 2016 Every member must express their agreement governance 412-2 Employee training on human rights policies or procedures through the Annual Declaration of Conformity - 1 - and participation in training in the e-learning format. Strategic 412-3 Significant investment agreements and contracts that include vision 44 - 2 - human rights clauses or that underwent human rights screening

Economic- Local communities financial performance 103-1 Explanation of the material topic and its boundary 45, 59 - - - GRI 103: Management 103-2 The management approach and its components 45 - - - Social Approach 2016 commitments 103-3 Evaluation of the management approach 45 - - -

GRI 413: Local 413-1 Operations with local community engagement, impact 46 1 - Environmental communities 2016 assessments, and development programs commitments Supplier social assessment

Reporting 103-1 Explanation of the material topic and its boundary 44, 59 - - - process GRI 103: Management 103-2 The management approach and its components 44 - - - Approach 2016 GRI 103-3 Evaluation of the management approach 44 - - - Content Index

Corporate information Ocyan Annual Report 2020 70A Table of Contents

GRI Standards Disclosure Page number Omission Global Compact SDG Presentation GRI 414: Supplier social assessment 414-2 Negative social impacts in the supply chain and actions taken 45 - 2 5, 8, 16 2016 Message of the president Public policy

103-1 Explanation of the material topic and its boundary 11, 58 - - - GRI 103: Ocyan Management 103-2 The management approach and its components 11 - - - Approach 2016 103-3 Evaluation of the management approach 11 - - - Corporate GRI 415: Public governance 415-1 Political contributions No political contribution is allowed. 10 16 policy 2016

Strategic Socioeconomic compliance vision 103-1 Explanation of the material topic and its boundary 11, 58 - - - GRI 103: Economic- Management 103-2 The management approach and its components 11 - - - financial Approach 2016 performance 103-3 Avaliação da forma de gestão 11 - - -

GRI 419: 419-1 Non-compliance with laws and regulations in the social and Social No events in the year. - 16 Socioeconomic economic area commitments compliance 2016

Environmental commitments

Reporting process

GRI Content Index

Corporate information Ocyan Annual Report 2020 71A Table of Contents

Global Compact Principles Sustainable Development Goals – UN 2030 Agenda Presentation

Message of the president 1. Respect and support internationally proclaimed human rights in its area of influence. Ocyan 2. Make sure the company is not complicit with human 3. Uphold rights abuses. Corporate the freedom of association governance and recognize of the right to collective bargaining. 4. Eliminate Strategic of all forms of forced vision or compulsory labour. 5. Effectively eradicate all forms Economic- financial of child labor from its performance productive chain. 6. Eliminate discrimitation in respect of employment and Social commitments 7. Suport accupation. a precautionary, responsible and proactive approach to Environmental enviromental challenges. 8. Undertake commitments initiative and practices to promote and disseminate 9. Encourage enviromental responsibility. Reporting process the development and dissemination of enviromental friendly technologies. 10. Work against GRI corruption on all its Content Index forms, including extortion and bribery.

Corporate information Ocyan Annual Report 2020 72A Table of Contents Board of Directors Executive Board

(composition on December 31st, 2020) Presentation Ruy Lemos Sampaio Roberto Bischoff* Nir Lander* President |GRI 102-23| CEO Vice-President for People, Planning, Communication, IT Message of the president Rogério Bautista da Nova Moreira Heitor Luiz Gioppo* and Administrative Affairs Executive Vice-President, André Amaro da Silveira Offshore Drilling Marco Aurelio Costa Cruz Fonseca Vice-President for Ocyan Antonio Marco Campos Rabello Jorge Luiz Uchoa Mitidieri* Sustainability Executive Vice-President for Cristina Lucia Pinho Offshore Production, Subsea Rogério Luis Murat Ibrahim* Corporate ( independent member) Construction and Offshore Vice-President for Finance governance Maintenance & Services and Investments Roberto Prisco Paraíso Ramos Strategic Guilherme Pacheco de Britto* *Statutory officers vision Hatem Ahmed El Sayed Soliman Vice-President, Legal & (independent member) Governance Economic- financial Compliance Director performance Gilberto Araujo Couto

Social commitments Addresses Credits Headquarter |GRI 102-3| Viena – Austria Environmental Avenida Cidade de Lima, 86, salas 501 e Odebrecht Óleo e Gás GmbH AREA RESPONSIBLE commitments 502 - Santo Cristo – Rio de Janeiro – RJ Lothringerstrasse, 16/08 1030 Viena – Áustria FOR THE REPORT CEP 20.220-710 Sustainability

Reporting process Logistics Support Base Comments, suggestions or questions CONSULTING AND (Offshore Drilling and Offshore regarding its content, as well as the COPYWRITING Maintenance and Services) company’s operations and initiatives in Brazil, Editora Contadino GRI Rodovia Amaral Peixoto, s/n° - km 167 can be sent through the channel: Content Index Fazenda São José Mutum - Imboassica www.ocyan-sa.com/fale-conosco. GRAPHIC DESIGN AND LAYOUT Corporate – Macaé - RJ - CEP: 27.925-290 |GRI 102-53| TheMediaGroup information Corporate information Ocyan Annual Report 2020 73A Table of Contents

Presentation

Message of the president

Ocyan

Corporate governance

Strategic vision

Economic- financial performance

Social ocyan-sa.com commitments

Environmental commitments

Reporting process

GRI Content Index

Corporate information Ocyan Annual Report 2020 74A