Acquisition of Interest in Equinor’s Itaimbezinho Exploration Block in the Campos Basin

June 10, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) for the acquisition of a 50% interest in the Itaimbezinho block, in the offshore area of the Campos Basin.

Equinor currently holds a 100% interest in the Itaimbezinho block and, upon completion of the transaction, the consortium will be composed of Equinor (operator, 50%), Petrobras (50%) and Pré-Sal Petróleo S.A. (PPSA), as the manager of the Production Sharing Contract.

This transaction reinforces the importance and relevance of exploration activities in Brazil and is aligned with the company’s long‑term strategy, aimed at replenishing oil and gas reserves through the exploration of new frontiers and operating in partnership.

The partnership maximizes synergies in the Campos Basin, a region where the company is already developing neighboring assets, also in partnership with Equinor, such as the Raia project and the Jaspe exploration license.

The acquisition of the block has complied with all the company’s internal governance procedures and is aligned with its Business Plan 2026–2030.

The assignment process will be submitted to Brazil’s Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP), and completion of the transaction is subject to the fulfillment of precedent conditions, including the applicable governmental and regulatory approvals.