Petrobras Disinvestments in Shallow Water: Beginning of the binding phase of the Polo Ceará


Rio de Janeiro, October 18, 2018 – Petróleo Brasileiro SA – Petrobras, following the Notice to the Market of 10/4/2017, announces the beginning of the binding phase of the assignment of the total exploration, development and production rights of the Polo Ceará, located in shallow waters in the Ceará Basin.

At this stage of the project, interested parties qualified in the previous phase will receive invitation letters with detailed instructions on the divestiture process, including guidelines for conducting due diligence and for submitting binding proposals.

The present disclosure to the market is in line with Petrobras’ Disinvestment Program and in line with the provisions of the special procedure for the assignment of rights to explore, develop and produce oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355 / 2018.

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