Petrobras announces that it has started the opportunity disclosure phase (Teaser), related to the sale of all its interests in two sets of onshore concessions, including shared production and treatment facilities, designated as Recôncavo Cluster and Rio Ventura Cluster, both located in Bahia, The Recôncavo Cluster comprises 14 onshore fields: Aratu, Cambacica, Candeias, Cexis, Dom João, Dom João Mar, Guanambi, Ilha de Bimbarra, Mapele, Massui, Pariri, São Domingos, Socorro and Socorro Extension, with a total average production in 2018 of about 2.8 thousand bpd of oil and 588 thousand m3/day of gas.

The Rio Ventura Cluster comprises eight onshore fields: Água Grande, Bonsucesso, Alto das Pedras Farm, Pedrinhas, Pojuca, Pojuca River, Tapiranga, Tapiranga Norte, with a total average production in 2018 of around 1.5 thousand bpd of oil and 43 thousand m3/day of gas.

Petrobras is the operator holding 100% stake in all concessions, with the exception of Cambacica and Guanambi (Polo Recôncavo), with a majority interest of 75% and 80%, respectively.

These transactions are in line with the company’s portfolio optimization and improvement of capital allocation, aiming at generating value for our shareholders.

The Teasers, which include key information about the opportunities, as well as the eligibility criteria for the selection of potential participants, is available on Petrobras website: http://www.investidorpetrobras.com.br/en.

The main subsequent phases of the projects will be timely informed to the market.

This disclosure is in compliance with Petrobras disinvestment methodology and according to the provisions of the special procedure for the sale of exploration, development and production of oil, natural gas and other fluid hydrocarbon set forth in Decree 9.355/2018.