3R Petroleum on temporary interruption at Papa Terra Cluster

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3) in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that the production of Papa Terra Cluster has been temporarily interrupted by the Company, on the morning of May 15 due to restrictions on the offloading system on platform 3R-3 (FPSO) and as the united reached the limit of the available storage capacity of oil tanks.

On May 13, 2023, a damage was identified on the hose that is used in the offloading operations (oil transfer from the production platform to the shuttle tanker). The Company has already started the necessary procedures to replace the damaged section, estimated to take up to 10 days, allowing the asset to resume production.

As disclosed by the Company, the release of additional storage on platform 3R-3 is in progress, with an important stage expected to be concluded in June 2023. This increase in storage capacity will allow the connection of another producing well (PPT -37) and will increase the period between offloading, enabling better commercial conditions from the sale of larger loads.

Finally, 3R reinforces its commitment to keep its investors and the market in general duly informed, in line with the best corporate governance practices and in strict compliance with the legislation in force.

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