3R Petroleum Mandatory Assignment of Undivided Participating Interest in the PAPA TERRA Field

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to article 157, paragraph 4, of Law No. 6,404 and CVM Resolution No. 44, hereby informs its investors and the market in general that, due to the default of the financial obligations of Nova Técnica Energy Ltda. (“Nova Técnica”) established within the scope of the Papa Terra Field consortium (ANP Concession Contract No. 48000. 003556/97-71), 3R Petroleum Offshore S.A. (“3R Offshore”) has initiated the necessary measures before the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) in order to carry out the compulsory assignment of the 37.5% (thirty-seven point five percent) stake held by Nova Técnica Energy in the asset.

3R Offshore is currently the operator of the Papa Terra Field, under the terms of the Concession Agreement, holding a 62.5% (sixty-two point five percent) interest in the asset. It is worth noting that the right to demand compulsory assignment, in conditions of default on financial obligations, has an express basis in the private legal instrument that governs the consortium.

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 current legislation.