Petrobras Sale of Tartaruga Verde and Module III of Espadarte Fields: Binding phase

Rio de Janeiro, August 27, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 06/18/2018, informs the beginning of the 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, 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.

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 oil, natural gas and other fluid hydrocarbons rights, provided for in Decree 9.355/2018.

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