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29 Aug

PETROBRAS – Opportunity Disclosure – Former Topázio Project

Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – PETROBRAS reports that it has initiated the opportunity disclosure stage (Teasers) related to the full sale of its exploration, development and production rights in three sets of onshore fields (totaling 50 concessions), located in Rio Grande do Norte and Bahia states, as per the table below.

State

Cluster

Concessions

Rio Grande do Norte

Riacho da Forquilha Cluster

(34 concessions)

Acauã, Asa Branca, Baixa do Algodão, Boa Esperança, Baixa do Juazeiro, Brejinho, Cachoeirinha, Cardeal, Colibri, Fazenda Curral, Fazenda Junco, Fazenda Malaquias, Jaçanã, Janduí, Juazeiro, Lorena, Leste de Poço Xavier, Livramento, Maçarico, Pardal, Patativa, Pajeú, Paturi, Poço Xavier, Riacho da Forquilha, Rio Mossoró, Sabiá, Sabiá Bico de Osso, Sabiá da Mata, Sibite, Três Marias, Trinca Ferro, Upanema and Varginha

Bahia

Buracica Cluster

(7 concessions)

Buracica, Fazenda Panelas, Fazenda Matinha, Conceição, Quererá, Fazenda Santa Rosa and Lagoa Branca

Miranga Cluster

(9 concessions)

Miranga, Fazenda Onça, Riacho São Pedro, Jacuípe, Rio Pipiri, Biriba, Miranga Norte, Apraiús and Sussuarana

Petrobras’ share in the average oil and natural gas production in those fields in the year 2016 was 20.4 thousand barrels of oil equivalent per day.

Petrobras is the operator in all concessions with 100% stake, except for Cardeal y Colibri fields, where the company holds 50% and PARTEX is the operator, with 50%, and for Sabiá da Mata y Sabiá Bico-de-Osso fields, where the company holds 70% and the operator is SONANGOL, with 30%.

The Teasers containing key information about the opportunities, as well as the objective criteria for the selection of prospective purchasers are available in Petrobras website: http://www.investidorpetrobras.com.br/en/press-releases.

Process:

– To express its interest to participate up to September 12, 2017 directly to Itaú BBA, the financial advisor in this Process.

– To sign a Compliance Certificate by September 26th, 2017, in the exact same terms of the declaration model to be provided by PETROBRAS, related to sanctions by World Bank, the United Nations Security Council, the United States of America, the United Kingdom, the European Union, France, Italy, Austria, the Netherlands, Brazil, and the respective governmental institutions and agencies of any of the foregoing.

– Participation in consortium is permitted.

– Q&As should be addressed to Itaú BBA.

– To sign a Confidentiality Agreement, the Compliance Certificate and any other declarations by September 26, 2017.

– Access to Physical and Virtual Data Room can only be granted after Confidentiality Agreement and Compliance Certificate.

Requirements:

– To be an onshore or offshore operator in Brazil or abroad; or

– To be classified as operator “C”, “B” or “A” by the National Petroleum Agency (ANP). Alternatively, even if the prospective assignee is not classified as operator “C” by ANP, it will be able to participate in the process if it declares, in the exact same terms of the declaration model to be provided by PETROBRAS, that: (i) is aware of the ANP’s Qualification process; and (ii) it meets the requirements of ANP to be classified as operator “C”.

– Restrictions apply to companies having ties with countries subject to sanctions administered, enacted, imposed or enforced by the World Bank, the United Nations Security Council, the United States of America, the United Kingdom, the European Union, France, Italy, Austria, the Netherlands, Brazil, and the respective governmental institutions and agencies of any of the foregoing.

– Restrictions apply to companies included in restrictive lists such as: (i) “Cadastro Nacional de Empresas Inidôneas, Suspensas e Punidas” (http://www.portaldatransparencia.gov.br/ceis); and (ii) “Empresas impedidas de transacionar com a PETROBRAS” (http://transparencia.petrobras.com.br/licitacoes-contratos).

– Restrictions apply to companies affected by US Foreign Corrupt Practices Act and Brazilian anti-bribery laws (specially the Brazilian Law no. 12,846/2013) and the principles described in the Organization for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (hereinafter “Anti-Bribery Law”).

– PETROBRAS reserves the right to amend the process and even to cancel it without any further obligations toward third parties.

– PETROBRAS may, during the process, perform preventive risk analysis, in compliance with Anti-Bribery Law and the Petrobras Program for Preventing Corruption – PPPC, and may ask any participant to fill out a detailed questionnaire to verify the compliance of its practices and conducts with the Anti-Bribery Law.

For further information and/or assistance, please contact Böing ▪ Gleich Advogados at:

Roger Maier Böing
+55(21)2272-5052
roger@bglaw.com.br

 

Marcos Gleich
+55(21)2272-5055
roger@bglaw.com.br

 

Roberto Carneiro
+55(21)2272-5053
rcarneiro@bglaw.com.br

 

Lucas Barreto
+55(21)2272-5051
lbarreto@bglaw.com.br

 

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