Petrobras

Petrobras – Onshore Opportunity Disclosure – Teasers

Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has initiated the opportunity disclosure stage (Teasers) related to the full sale of its exploration, development and production rights in three sets of onshore fields (totaling 50 concessions), located in Rio Grande do Norte and Bahia states, as per the table below.

 

State

Cluster

Concessions

Rio Grande do Norte

Riacho da Forquilha Cluster

(34 concessions)

Acauã, Asa Branca, Baixa do Algodão, Boa Esperança, Baixa do Juazeiro, Brejinho, Cachoeirinha, Cardeal, Colibri, Fazenda Curral, Fazenda Junco, Fazenda Malaquias, Jaçanã, Janduí, Juazeiro, Lorena, Leste de Poço Xavier, Livramento, Maçarico, Pardal, Patativa, Pajeú, Paturi, Poço Xavier, Riacho da Forquilha, Rio Mossoró, Sabiá, Sabiá Bico de Osso, Sabiá da Mata, Sibite, Três Marias, Trinca Ferro, Upanema and Varginha

Bahia

Buracica Cluster

(7 concessions)

Buracica, Fazenda Panelas, Fazenda Matinha, Conceição, Quererá, Fazenda Santa Rosa and Lagoa Branca

Miranga Cluster

(9 concessions)

Miranga, Fazenda Onça, Riacho São Pedro, Jacuípe, Rio Pipiri, Biriba, Miranga Norte, Apraiús and Sussuarana

 

Petrobras’ share in the average oil and natural gas production in those fields in the year 2016 was 20.4 thousand barrels of oil equivalent per day.

Petrobras is the operator in all concessions with 100% stake, except for Cardeal y Colibri fields, where the company holds 50% and PARTEX is the operator, with 50%, and for Sabiá da Mata y Sabiá Bico-de-Osso fields, where the company holds 70% and the operator is SONANGOL, with 30%.

The Teasers containing key information about the opportunities, as well as the objective criteria for the selection of prospective purchasers are available in Petrobras website: http://www.investidorpetrobras.com.br/en/press-releases.

Besides the Teaser, the main subsequent phases of each of the three clusters will be disclosed, as detailed below:

  • Start of non-binding phase (if applicable);
  • Start of binding phase;
  • Concession of exclusive negotiation (if applicable);
  • Transaction approval by Senior Management (Executive Board and Board of Directors) and signature of contracts;
  • Closing.

The disclosure to the market herein is in compliance with Petrobras’ divestment methodology, which was reviewed and approved by our Executive Board, and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da União).

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website, which is accessible through hyperlink resulting from this URL, is not and shall not be deemed part of this report on Form 6-K.

Teaser-Sale-of-Miranga-Cluster-English (1)

Teaser-Sale-of-Buracica-Cluster-Englis

Teaser-Sale-of-RFQ-Cluster-English

 

Categories: Petrobras

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