Sale of Tartaruga Verde and Module III of Espadarte Fields: Start of the non-binding phase

 

Rio de Janeiro, June 18, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact of 04/03/2018 and Press Release of 05/23/2018, informs the beginning of the non-binding phase related to the sale of 50% of its non-operated working interest in Tartaruga Verde field (BM-C-36 Concession) and Module III of Espadarte field, both located in deep water in Campos Basin.

At this stage of the project, the interested parties qualified in the previous phase will receive instructions on the divestment process, including guidelines for the elaboration and submission of non-binding proposals, and access to a virtual data room containing more information about the fields.

The disclosure to the market herein is in compliance with Petrobras’ divestment methodology and aligned with the provisions of the special procedure for the sale of exploration, development and production of petroleum, natural gas and other fluid hydrocarbons rights, provided for in Decree 9.355/2018.

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