Petrobras on Pieces of News in the Media

Source: www.gulfoilandgas.com 3/22/2022, Location: South America

Petrobras, regarding the pieces of news in the media regarding the sale of the onshore production fields, located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster, clarifies that it received new binding offers in the scope of this divestment process.

The new round of binding offers was held after the unsuccessful conclusion of the negotiation process started with the consortium formed by Aguila Energia e Participações Ltda. and Infra Construtora e Serviços Ltda, as disclosed to the market on 10/14/2021.

Petrobras confirms that, in this new round, it received a binding offer from the consortium formed by Petrorecôncavo and Eneva, among other offers, which will be analyzed and submitted to the Executive Board for a decision regarding the advancement to the negotiation stage.

The company clarifies that the execution of the transaction will depend on the outcome of the negotiations, as well as the necessary corporate approvals.

Petrobras reinforces its commitment to comprehensive transparency in its divestment projects and portfolio management and informs that the subsequent steps will be timely disclosed to the market in accordance with the company's Divestment Systematics and Decree 9,188/2017.


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