Petrobras announces teaser for sale of E&P assets in the Espirito Santo Basin

Rio de Janeiro, July 5, 2019 – Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure stage (teaser), related to the sale of its entire working interest in Peroá and Cangoá production fields and in the concession BM-ES-21 (Malombe discovery appraisal plan), located in the Espírito Santo Basin, including the shared outflow and production offshore facilities and the onshore gas pipeline up to the Cacimbas Gas Treatment Unit (UTGC).

Petrobras holds a 100% stake in the shallow water fields of Peroá and Cangoá, whose current production is around 900,000 m3/day of non-associated gas and 88.9% stake in the exploratory block BM-ES-21 in deepwaters where is located the Malombe discovery.

The teaser, which includes key information on the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website at https://investidorpetrobras.com.br/en/results-and-notices/teasers.

The main further steps of the project will be timely informed to the market.

This disclosure is in line with the Petrobras divestment methodology and aligned with 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 optimization of the portfolio and the improvement of the company’s 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.

This report on Form 6-K shall be deemed to be incorporated by reference into the Offer to Purchase dated July 1, 2019, relating to the previously announced tender offers by Petrobras Global Finance B.V., a wholly-owned subsidiary of Petróleo Brasileiro S.A. – Petrobras.

See attached teaser:

Teaser -Cluster Peroa – Ingles

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