Brava Energia – closing of acquisition of participation in Parque das Baleias

BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, and following the material fact disclosed on December 25, 2023, hereby informs its investors and the market in general that, after meeting all precedent conditions and with the approval of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), has concluded on this date the acquisition of the 23% stake held by QatarEnergy Brasil Ltda. in the Abalone, Ostra and Argonauta oil fields, which form the Parque das Conchas in the Campos Basin.

The transaction value, disregarding adjustments, is US$150 million, divided into: (i) US$15 million, paid upon signing of the acquisition agreement, in December 2023; (ii) approximately US$430 thousand disbursed on this date, already considering the adjustment for the accumulated cash flow of the period since July 1, 2023 (effective date of the agreement); and (iii) two installments of US$30 million to be paid in 12 and 24 months after completion of the transaction.

Parque das Conchas is operated by Shell, which holds a 50% stake, and ONGC is a partner in the asset with the remaining 27%. The concession contracts are valid until 2032, with the possibility of extension. In the period between January and November 2024, the average production was approximately 27 thousand barrels of oil equivalent per day, with 6.2 thousand boe/day corresponding to the stake acquired by Brava.

It is worth noting that the oil produced at Parque das Conchas has similar characteristics to the other oils in the assets of the Company’s offshore portfolio, which may represent possible logistical and commercial synergies.

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.