Petrobras on injunction to suspend Bahia Terra Cluster sale

Petróleo Brasileiro S.A. – Petrobras, following the announcement made on June 10, 2022 about the injunction decision issued by the Court of Justice of the State of Rio de Janeiro determining the suspension of contractual negotiations related to the sale process of the Bahia Terra Cluster, informs that the suspensive effect of the appeal filed against such decision was denied.

The company will adopt all reasonable legal measures to protect its interests and those of its investors.

Petrobras reinforces the adherence of the Bahia Terra Cluster competitive process to its internal rules and provisions of the special procedure for the assignment of rights of exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9,355/2018 as well as the importance of divestments in its portfolio management.

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