T&B Petroleum/Petrobras Agency
Regarding the news published in the media about the extension of the signing of the sales contracts for the Albacora and Albacora Leste fields, in the Campos Basin, Petrobras clarifies that, according to a statement released on 11/05/2021, it is in the negotiation phase with the consortia led by Petro Rio SA (PetroRio) for the two assets and that there is no set date for the conclusion of the negotiations and the signing of the contracts. Offers for both fields have exceeded $4 billion, as per 9/30/2021 press release. The company also clarifies that the conclusion of the transaction will depend on the outcome of the negotiations, as well as the necessary corporate approvals. Depending on the terms of the negotiated contracts, there may be a final round of offers.
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