Offshore Activity

Sale Process of BM-S-8 (CARCARA) Exploration Block

Rio de Janeiro, May 2, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 04/17/2017, reports that the President of the Federal Regional Court of the 5th Region suspended today the injunction ordering to interrupt the transfer of Petrobras’ stake in the BM-S-8 exploration block (“Carcará Field”) to Statoil Brasil Óleo e Gás Ltda.

With the favorable decision of the Court, the effects of said transfer are upheld and the acquirer may proceed with exploration at the Carcará Field.

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