BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that it has signed, on this date, an agreement with PETRORECONCAVO S.A. (“PetroReconcavo”) (“Agreement”), with the objective of defining the contractual principles for a partnership involving the sale of 50% of the natural gas flow and processing infrastructure in the Potiguar Basin, state of Rio Grande do Norte, and gas supply commitments between the companies. The Agreement has an exclusivity period of 60 days for the precedent conditions to be met for the execution of the definitive contract.
The value of the transaction is US$65MM, with 35% to be paid upon signing and the remainder upon closing. The scope of the Agreement includes: the Natural Gas Processing Units II and III (“NGPUs”) and the LPG Spheres, located in the Guamaré Industrial Asset (AIG), in addition to the gas pipeline that connects the Brava and PetroReconcavo producing fields to the AIG.
The contractual principles provide for: (i) operational committees with members from both companies, with Brava as the consortium operator; (ii) sharing of AIG utilities and services that support the operation of the UPGNs; and (iii) the signing of a commitment to acquire natural gas from PetroReconcavo by Brava for five years, starting in the second half of 2025 (average contracted volume of 150Mm3/d during the term of the contract).
The partnership between Brava and PetroReconcavo in the natural gas midstream of Rio Grande do Norte aims to improve efficiency and maximize the use of infrastructure assets, reducing operating costs and increasing the reliability of the production and flow of natural gas and derivatives in the region.
Finally, Brava reinforces its commitment to keep its investors and the market in general properly informed, in line with best corporate governance practices and in strict compliance with current legislation.
Brazil Energy Insight 
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