Petrobras Sale of Concessions of Baúna Field in Santos Basin: Start of the Binding Phase

Rio de Janeiro, August 27, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosure made on 06/18/2018, informs the beginning of the binding phase regarding the sale of its entire stake in  Baúna field (concession area BM-S-40), located in shallow waters in the Santos basin.

At this stage of the project, process letters are issued to qualified interested parties with detailed instructions about the divestment process, in addition to guidelines to conduct due diligence and submit binding proposals.

This disclosure to the market is pursuant to Petrobras’ Divestment Program and is aligned with the provisions of the special procedure for the sale of the rights to exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.

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