Petrobras reports on bidding to acquire the Pampo and Enchova poles

July 19, 2019

– Petróleo Brasileiro S.A. – Petrobras informs that in the scope of the bidding process for total disinvestment of Petrobras’ interests in Pampo and Enchova Poles in Campos Basin, Trident Energy has delivered the best final bid for assets acquisition.

Regarding media reports about this operation, the Company clarifies that the price offered for the Poles is approximately US$ 1 billion, firm and contingent payments considered. Nevertheless, the transaction is in its final stages of approval by Petrobras´ competent bodies and the project’s subsequent phases will be disclosed to the market in accordance with its Disinvestment Methodology. 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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