Petrobras Reveals Noncompliance With Contractual Obligation at Carmópolis Field – Notice of Contract Breach

Written by Paulo Nogueira

Published on 26/12/2023 at 10:21

Centro Empresarial Senado (Edisen) Foto: André Motta de Souza / Agência Petrobras – Todos os direitos: Petrobrás

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© 2023 – Relevant Fact: Closing of the Transaction of a Set of 11 Land Concessions with Guarantor. Adjustments and Amounts Due According to Contractual Measures.

Petrobras, in continuation of the relevant fact disclosed on 12/20/2022, informs of the breach of contractual payment obligation by Carmo Energy and its controller Cobra Instalaciones y Servicios, S.A., as guarantor, related to the sale of all its shares in the set of 11 land concessions for oil and gas production, with integrated facilities, located in the state of Sergipe, collectively referred to as Polo Carmópolis.

In the event of non-payment, Petrobras informed that the sale amount was US$ 1.1 billion, with: (i) US$ 275 million paid as a down payment; (ii) US$ 548 million paid on 12/20/2022, the closing date of the transaction considering the amounts due; and (iii) US$ 296 million due to be paid on 12/20/2023, also considering the amounts due.

Actions by Petrobras in Light of Contractual Obligation Breach

Due to the breach of contractual obligation by the guarantor, Petrobras will take the necessary contractual and legal measures to ensure the payment of the amounts due, related to the closing of the transaction involving the set of 11 land concessions.

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It is important to emphasize that the breach of contractual obligation, also known as contractual default, requires the company’s due attention, which is committed to the timely disclosure of facts deemed relevant, ensuring total transparency and clarity for its shareholders and other interested parties.

Source: Agência Petrobrás

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Petrobras Reveals Noncompliance With Contractual Obligation at Carmópolis Field – Notice of Contract Breach

© 2023 – Relevant Fact: Closing of the Transaction of a Set of 11 Land Concessions with Guarantor. Adjustments and Amounts Due According to Contractual Measures.

Actions by Petrobras in Light of Contractual Obligation Breach

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Petrobras Reveals Noncompliance With Contractual Obligation at Carmópolis Field – Notice of Contract Breach

© 2023 – Relevant Fact: Closing of the Transaction of a Set of 11 Land Concessions with Guarantor. Adjustments and Amounts Due According to Contractual Measures.

Actions by Petrobras in Light of Contractual Obligation Breach

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The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

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