Petrobras began hibernating 62 platforms in shallow water fields in the Campos, Sergipe, Potiguar and Ceará basins. The measure was communicated to the market on March 26 and is part of a series of actions to preserve jobs and the company's sustainability in what is the worst crisis in the oil industry in a hundred years.

These platforms do not have the economic conditions to operate with low oil prices and are active in sales processes. The stoppage of these units corresponds to a production cut of 23 thousand barrels of oil per day.

Of these platforms, 80% are not inhabited, and employees who work in other inhabited units will not be dismissed. All will be relocated to other Petrobras organizational units. In case of interest, another option is the adhesion to the Voluntary Termination Plan (POS), as provided for in the personnel plan for portfolio management.

To face this unprecedented crisis that combines an abrupt fall in demand and oil prices, Petrobras also disbursed lines of credit, cut and postponed investments, reduced operating expenses and personnel expenses. Payment of the Performance Prize for employees and dividends for shareholders was postponed, in addition to the renegotiation of contracts with major suppliers. Petrobras' actions are in line with what the entire global oil industry is doing to overcome the impacts of this crisis.