Petrobras – Onshore Opportunity Disclosure – Teasers

Rio de Janeiro, September 22, 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 five sets of onshore fields (totaling 19 concessions), located in Ceará, Rio Grande do Norte and Sergipe states, as per the table below.

 

State

Cluster

Concessions

Ceará

Fazenda Belém Cluster

 (2 concessions)

Fazenda Belém and Icapuí

Rio Grande do Norte

Macau Cluster

(7 concessions)

Aratum, Lagoa do Aroeira, Macau, Porto Carão, Salina Cristal, Sanhaçu and Serra

Sergipe

Sergipe Terra 1 Cluster

(6 concessions)

Aruari, Angelim, Aguilhada, Atalaia Sul, Brejo Grande and Ilha Pequena

Sergipe Terra 2 Cluster

 (3 concessions)

Castanhal, Mato Grosso and Sirizinho

Sergipe Terra 3 Cluster

 (1 concession)

Riachuelo

 

Petrobras’ share in the average oil and natural gas production in those fields in the year 2016 was 17.4 thousand barrels of oil equivalent per day.

Petrobras is the operator in all concessions with 100% stake, except for Sanhaçu field, where the company is the operator and holds 50% and Petrogal holds the remaining 50%.

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 five 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.

See teasers:

Teaser-Campos-Terrestres-Polo-Fazenda-Belem-Ingles

Teaser-Campos-Terrestres-Polo-Macau-Ingles

Teaser-Campos-Terrestres-Polo-Sergipe-Terra-1-Ingles

Teaser-Sergipe-Terra-2-Ingles

Teaser-Sergipe-Terra-3-Ingles

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