Petrobras announces teaser for sale of E&P assets in shallow waters fields in the Campos Basin

August 9, 2019

Petróleo Brasileiro SA – Petrobras reports that it has started the opportunity disclosure stage (teaser) to sell its total operated working interest in 11 producing shallow waters fields located in the Campos Basin, jointly called Garoupa Cluster, including the production facilities and pipelines to Barra do Furado.

The Garoupa Cluster comprises the concessions of Anequim, Bagre, Cherne, Congro, Corvina, Malhado, Namorado, Parati, Garoupa, Garoupinha and Viola. Petrobras owns 100% of these fields, whose average production in the last 12 months was about 19,600 boe/day.

The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website:

Upcoming key phases 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 the rights to exploration, development and production of oil, natural gas and other fluid hydrocarbon set forth in Decree 9,355/2018.

The transaction is in line with the company´s portfolio optimization and improvement of 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.

See Teaser – Garoupa-Cluster-English-August 9

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