May 4, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has been notified by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) on April 30, 2026, regarding the approval of the Production Individualization Agreements (AIP) for the Berbigão Shared Reservoir in Zone BVE-ITP/RJS-656 (Sururu) and the Zone BVE-ITD/RJS-697 of Berbigão (Berbigão), located in the Santos Basin. As a result, the AIPs took effect on May 1, 2026. Both fields have been producing since 2019 through the FPSO P-68, with a capacity of 150,000 barrels of oil per day.
The Sururu and Berbigão Shared Reservoirs comprise:
• Concession Contract BM-S-11A, operated by Petrobras (42.5%), in partnership with Shell (25%), TotalEnergies (22.5%), and Petrogal (10%); and,
• The Transfer of Rights Contract, operated by Petrobras, which holds a 100% interest.
The agreement sets forth the interests of each party and the rules governing the joint execution of oil and natural gas development and production operations in the shared reservoir. Accordingly, effective May 1, 2026, the interests of each party in the Sururu and Berbigão Shared Reservoirs will be as follows:
An AIP is executed in situations when reservoirs extend beyond the areas covered by concessions or contracts, in accordance with ANP regulations.
As a result of the process of individualizing production from the reservoirs, the financial settlement between the expenses incurred and the revenues related to the volumes produced up to the effective date of the AIP will be subject to negotiation between the companies.
Brazil Energy Insight 
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