Petrobras announces start of non-binding phase regarding the sale of onshore fields of Rio Ventura Cluster

Rio de Janeiro, June 25, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interest in eight exploration and production concessions, located in Bahia state, jointly designated as Rio Ventura Cluster.
At this stage, the interested parties qualified in the previous phase will receive instructions on the divestment process, including guidelines for the elaboration and submission of nonbinding proposals, and access to a virtual data room containing more information about the cluster.
This disclosure to the market complies with Petrobras’ divestment methodology and is aligned with the provisions of the special procedure for the sale of exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.

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