Sale of onshore fields - Lagoa
Parda Cluster
Start of the non-binding phase
Rio de Janeiro, December 10, 2018 Petróleo Brasileiro S.A. Petrobras, further to the material fact of 10/08/2018, announces the beginning
of the non-binding phase related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha), located in the state of Espĺrito Santo, Brazil, jointly designated as Lagoa Parda
Cluster.
At this stage of the project, the interested parties qualified in the previous phase will receive instructions on the divestment process,
including guidelines for the elaboration and submission of non-binding proposals, and access to a virtual data room containing more information about the cluster.
This disclosure to the market complies with Petrobras divestment methodology and is aligned with the provisions of the special procedure for the sale of
exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.
www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. PETROBRAS | Investor Relations Department |
e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 10th floor, 1002 B
20031-912
Rio de Janeiro, RJ | Phone: 55 (21) 3224-1510 / 3224-9947
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. The forward-looking statements, which address the Companys expected business and financial performance, among other matters,
contain words such as believe, expect, estimate, anticipate, optimistic, intend, plan, aim, will, may, should,
could, would, likely, and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. There is no assurance
that the expected events, trends or results will actually occur. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.
The Companys actual results could differ materially from those expressed or forecast in any forward-looking statements as a result of a variety of
assumptions and factors. These factors include, but are not limited to, the following: (i) failure to comply with laws or regulations, including fraudulent activity, corruption, and bribery; (ii) the outcome of ongoing corruption
investigations and any new facts or information that may arise in relation to the Lava Jato Operation; (iii) the effectiveness of the Companys risk management policies and procedures, including operational risk; and
(iv) litigation, such as class actions or proceedings brought by governmental and regulatory agencies. A description of other factors can be found in the Companys Annual Report on Form
20-F
for the
year ended December 31, 2017, and the Companys other filings with the U.S. Securities and Exchange Commission.