UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities
Exchange Act of 1934
For
the month of November, 2020
Commission
File Number 1-15106
PETRÓLEO
BRASILEIRO S.A. – PETROBRAS
(Exact
name of registrant as specified in its charter)
Brazilian
Petroleum Corporation – PETROBRAS
(Translation
of Registrant's name into English)
Avenida
República do Chile, 65
20031-912 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ___X___ Form 40-F _______
Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Petrobras
releases teaser of E&P
assets in Bahia
—
Rio de Janeiro, November 4, 2020 - Petróleo
Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale
of all of its stakes in a set of twenty-eight onshore production field concessions, with integrated facilities, located in the
Recôncavo and Tucano Basins, in different municipalities of the state of Bahia, jointly called the Bahia Terra Cluster.
The teaser, which includes key information
about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras
website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers.
The main subsequent stages of the project
will be reported to the market in due course.
This disclosure is in accordance with Petrobras'
internal rules and with the provisions of the special procedure for assignment of rights to exploration, development and production
of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9,355/2018.
This transaction is aligned
with the strategy of portfolio optimization and the improvement of the company's capital allocation, concentrating increasingly
its resources on world-class assets in deep and ultra-deep waters, where Petrobras has demonstrated great competitive edge over
the years.
About Bahia Terra Cluster
The Bahia Terra Cluster comprises
28 onshore production concessions, located in different municipalities of the state of Bahia, and includes access to processing,
logistics, storage, transportation and outflow infrastructure for oil and natural gas.
It has about 1,700 wells
in operation, 19 collection stations, 12 collection points, 2 oil treatment stations, 6 collection and compressor stations, 4 water
injection stations, approximately 980 km of gas and oil pipelines, besides the administrative bases of Taquipe, Santiago, Buracica,
Araçás and Fazenda Balsamo.
There are also two oil storage
and handling parks at the Bahia Terra Cluster with all the infrastructure for receiving, storing and draining oil for the Landulfo
Alves Refinery (RLAM). In addition, the Cluster includes the NGPU of Catu and 10 electrical substations.
The average production of
the Cluster from January to August 2020 was around 14 thousand barrels of oil per day and 642 thousand m3/day of gas. Petrobras
is the operator of these fields, with 100% stake.
It is important to note that
the concessions corresponding to the Miranga and/or Recôncavo Clusters (referenced in the releases of 08/28/2017 and 06/03/2019,
respectively) may be included in the sale process of the Bahia Terra Cluster, which will be disclosed in due course.
This material is being provided pursuant
to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation,
invitation or offer to buy or sell any securities. The information on our website is not and shall not be deemed part of this report
on Form 6-K.
www.petrobras.com.br/ir
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
| Investors Relations
email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. República do Chile, 65 – 1803
– 20031-912 – Rio de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts within
the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading
Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates",
"believes", "expects", "predicts", "intends", "plans", "projects",
"aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties,
predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and
the reader should not rely solely on the information included herein.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Date: November 4, 2020
PETRÓLEO BRASILEIRO
S.A–PETROBRAS
By: /s/ Andrea Marques de Almeida
______________________________
Andrea
Marques de Almeida
Chief Financial Officer and
Investor Relations Officer
Petroleo Brasileiro ADR (NYSE:PBR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Petroleo Brasileiro ADR (NYSE:PBR)
Historical Stock Chart
From Apr 2023 to Apr 2024