Petrobras – Result of the 16 th ANP Bidding Round

October 10, 2019 –

Petróleo Brasileiro SA – Petrobras reports that it has acquired one offshore block in the 16th ANP Bidding Round under the Concession Regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The company is advancing
its partnership strategy and will be the operator.

The total amount of the signature bonus to be paid by the company still in 2019 is around R$ 1.432 billion. In addition to the signature bonus, the judgment criteria also considered in the public sale was the Minimum Exploration Program (“MEP”) to be applied on the block, expressed in Work Units (“WU”) – covering the number of wells to be drilled, and the seismic extension to be employed during the exploratory activity.
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