Petrobras on receiving compensation for Atapu from from TotalEnergies

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/19/2022, informs that it received today, at sight, the updated payment of R$ 4.7 billion from Total Energies EP Brasil Ltda. – TotalEnergies, referring to the 22.5% share in the Atapu compensation.

The Atapu block was acquired by the consortium composed by Petrobras (52.5%), Shell Brasil Petróleo Ltda. – Shell (25%) and 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, under the terms of the ordinance nº 08 of 04/19/2021 of the Ministry of Mines and Energy and may be updated when Petrobras calculates the capital gain from the transfer of assets to the Production Sharing regime.

The signing of the Production Sharing contract and the Coparticipation Agreement are expected to occur on 04/27/2022.

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