Petrobras: Assignment of rights for the Maromba Field, in the Campos Basin: Beginning of the binding phase

Assignment of rights for the Maromba Field, in the Campos Basin: Beginning of the binding phase

 

In continuation of the Material Fact released on June 07, 2017, we hereby announce, together with Chevron Brasil Ltda., the beginning of the binding phase for the assignment process of the Maromba Field, in the Campos Basin.

At this stage of the project, the letters of invitation are issued to the interested parties qualified in the previous phase, with instructions on the divestiture process, including guidelines for conducting due diligence and for sending the binding proposals.

In this particular project, there is no provision for the holding of the non-binding phase, as permitted by the disinvestment system approved by our Board of Executive Officers, which is in line with the guidelines of the Federal Court of Auditors (TCU).

We are the operators of this field, holding a 70 percent interest, in partnership with Chevron, with 30 percent of the stakes.