Petrobras on receiving compensation for Atapu

Petróleo Brasileiro S.A. – Petrobras informs that it received today, at sight, the amount of R$ 5.26 billion from Shell Brasil Petróleo Ltda. – Shell, referring to  its share of 25% in the compensation for Atapu, a block acquired by the consortium composed by Petrobras (52.5%), Shell (25%) and Total Energies EP Brasil Ltda. – TotalEnergies (22.5%) in the 2nd Bidding Round for the Transfer of Rights surplus under the Production Sharing Regime, on 12/17/2021.

This amount already includes the preliminary estimate of the gross-up of the taxes levied, in accordance with the ordinance no. 08 of 04/19/2021 of the Ministry of Mines and Energy (MME), and may be updated when Petrobras calculates the capital gain from the transfer of assets to the Production Sharing regime.

Petrobras expects to receive the full payment regarding TotalEnergies’ stake, as disclosed to the market on 12/17/2021.

The signing of the Production Sharing contract and the Coparticipation Agreement are expected to occur until 04/29/2022.

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