Petrobras announces Teaser for the sale of onshore fields in Espírito Santo

Rio de Janeiro, May 27, 2019 – Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure phase (Teaser), related to the sale of its total equity interest in 27 mature onshore fields, including shared production outflow and treatment facilities located in Espírito Santo, in the Municipalities of São Mateus, Jaguaré, Linhares and Conceição da Barra, jointly designated as Cricaré Cluster.
Petrobras is the operator with 100% stake in all concessions, which comprise the following fields: Biguá, Cacimbas, Campo Grande, Córrego Cedro Norte, Córrego Cedro Norte Sul, Córrego Dourado, Córrego das Pedras, Fazenda Cedro, Fazenda Cedro Norte, Fazenda Queimadas, Fazenda São Jorge, Guriri, Inhambu, Jacutinga, Lagoa Bonita, Lagoa Suruaca, Mariricu, Mariricu Norte, Rio Itaúnas, Rio Preto, Rio Preto Oeste, Rio Preto Sul, Rio São Mateus, São Mateus, São Mateus Leste, Seriema and Tabuiaiá. In 2018, the average total production of these fields reached approximately 2.8 thousand bpd of oil and 11 thousand m3/day of gas.
The Teaser, which includes key information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras website: http://www.petrobras.com.br/ri .
The main subsequent phases of the project will be timely informed to the market.
This disclosure is in compliance with Petrobras disinvestment methodology and according to the provisions of the special procedure for the sale of exploration, development and production of oil, natural gas and other fluid hydrocarbon set forth in Decree 9.355/2018.
This transaction is in line with the company’s portfolio optimization and improvement of its capital allocation, aiming at generating value for our shareholders.
This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website, which is accessible through hyperlink resulting from this URL, is not and shall not be deemed part of this report on Form 6-K.

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