Petrobras – Change in Exploration and Production Executive Office

Rio de Janeiro, January 7, 2019 – Petróleo Brasileiro S.A – Petrobras, in addition to the press release disclosed on January 4, 2019, informs that its CEO Roberto da Cunha Castello Branco, finalizing the changes proposed in his current Executive Board, appointed Mr. Carlos Alberto Pereira de Oliveirato to the Exploration and Production Executive Office.

The dismissal of Mrs. Solange da Silva Guedes, current Chief Exploration and Production Executive Officer, will be timely forwarded to the approval of the Company’s Board of Directors.

The company is grateful for the dedication of Mrs. Solange Guedes through over thirty-three years in Petrobras´ Exploration and Production department and her important work as head of this Office since 2015.

The nominee will be submitted to internal corporate governance procedures, including the respective conformity and integrity analyzes necessary for the company’s succession process, and forwarded to the Appointments, Remuneration and Succession Committee and subsequent deliberation of the Board of Directors, in attention to the provisions of arts. 30, V and 36, § 1, II of the Company’s Bylaws.

Mr. Carlos Alberto Pereira de Oliveira holds a degree in Mechanical Engineering from Instituto Militar de Engenharia and Business Administration from Universidade Federal do Rio de Janeiro. He has a Master’s degree in Finance and Investment Analysis from Pontifícia Universidade Católica do Rio Janeiro. He has been working at Petrobras for 38 years, where he joined in 1981, having become a specialist  in Petroleum Engineering. Since 1999, he has held executive positions related to senior management at companies from Petrobras Group, as Executive Manager in the Exploration and Production department (1999 to 2002), Oil and Gas Exploration and Production Director at Petrobras Energia S.A in Argentina (2003 to 2008), Executive Manager of Technical Support in the International department (2008 to 2012), Production Development Executive Manager  (2012 and 2016) and Executive Manager in the Strategy department in 2016. He currently leads Portfolio Management, Partnerships and Performance in Petrobras Exploration and Production Office.

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