Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of a portion of its stake in the BM-P-2 concession, located in the Pelotas Basin, in the state of Rio Grande do Sul.

Petrobras and Total are partners in this concession and each holds a 50% stake, with Petrobras as the operator. The disinvestment will be carried out jointly, with the sale of between 30% and 65% of interest in the concession.

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The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selecting potential participants, is available on the Petrobras website: https://investidorpetrobras.com.br/pt/resultados-e-comunicados/teasers.

The main subsequent stages of the project will be communicated to the market in due course.

This disclosure is in accordance with Petrobras' divestment guidelines and with the provisions of the special procedure for the assignment of rights for exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.
This operation is in line with portfolio optimization and the best allocation of the company's capital, with a view to maximizing value for our shareholders.

About exploratory blocks
The BM-P-2 Concession is located in deep waters of the Pelotas Basin in water depths between 1.000 m and 2.000 m, having been acquired by Petrobras (100% stake) in 2004 in the 6th Bidding Round of the National Petroleum Agency , Natural Gas and Biofuels (ANP). Total became a partner with the acquisition of a 50% stake in 2013.

Currently, the concession includes exploratory blocks PM-1269, PM-1271, PM-1351 and PM-1353 and is strategically positioned in relation to the 18th Bidding Round of the ANP, scheduled for 2021, in which blocks from the Basin of Pellets. This concession presents a reduced exploratory commitment with the potential to prove significant volumes and establish a position in a new exploratory frontier.

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