Petrobras announces start of non-binding phase for the sale of onshore fields of Recôncavo Cluster

Rio de Janeiro, July 3, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interest in 14 onshore exploration and production concessions, located in Bahia state, jointly designated as Recôncavo Cluster.
Interested parties qualified for this phase will receive instructions on the divestment process, including guidelines for the elaboration and submission of non-binding 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.
This operation is in line with the company’s portfolio optimization and improvement of capital allocation, aiming at creating value for our shareholders.

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