Petrobras acquires Búzios and Itapu fields on the Transfer of Rights surplus bidding round

November 6, 2019

Petróleo Brasileiro S.A. – Petrobras informs that will be the operator with 90% stake in the consortium with CNODC Brasil Petróleo e Gás Ltda. (5% stake) and CNOOC Petroleum
Brasil Ltda. (5% stake), which acquired today the exploration and production rights ofthe surplus volume of Búzios field from the Transfer of Rights Agreement.

Additionally, Petrobras acquired 100% of the exploration and production rights of Itapu field surplus volume.

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