Petrobras on Albacora and Albacora Leste divestment

Petróleo Brasileiro S.A. –  Petrobras, in relation to news published in the media about the project to divest the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that it has received binding offers from the consortia PetroRio/Cobra and EIG Global Energies Partners/Enauta/3R Petroleum for the acquisition of the fields.

Such offers could exceed US$4 billion for both fields. The company is analyzing them according to the evaluation criteria of this project, considering all value components and other conditions reflected in the offers, including firm and contingent payments and other relevant contractual conditions. 

The start of the negotiation phase will be submitted for deliberation by the company’s Executive Board, after the conclusion of the analysis of the offers. 

The company clarifies that the signing of the transaction will depend on the outcome of the negotiations, as well as the necessary corporate approvals.

Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and informs that the subsequent stages of the project will be disclosed in accordance with the company’s divestment guidelines.

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