Petrobras – Closing of the Sale of Azulão Field

Rio de Janeiro, April 30, 2018 – Petróleo Brasileiro SA – Petrobras, further to the Material Fact disclosed on 11/22/2017, informs that it has closed today the sale of its entire stake in Campo de Azulão (Concession BA- 3), located in the state of Amazonas, to Parnaíba Gás Natural S.A, a subsidiary of ENEVA S.A.

The operation was concluded upon the payment of US$ 56.5 million to Petrobras, made today by Parnaíba Gás Natural S.A, after fulfilling all preceding conditions and adjustments set forth in the agreement.

The transaction is part of the 2017-2018 Partnerships and Divestment Program and is aligned with Petrobras’ portfolio management policy, which prioritizes investments in assets with greater potential for short-term operational generation and greater possibility of optimization of capital and scale gains.

The present disclosure to the market is pursuant to Petrobras’ divestment program and is aligned with the guidelines of the Federal Accounting Court (TCU).

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