Petrobras: on the disposal of Potiguar Cluster assets January 28, 2022

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Petrobras on the sale of Potiguar Cluster assets

Rio de Janeiro, January 28, 2022 – Petróleo Brasileiro SA – Petrobras, following the press releases published on 23/12/2020, 27/08/2021 and 19/01/2022, informs that the Board of Directors of the Company, during a meeting held today, approved the sale of its entire interest (100%) in a set of 22 onshore and shallow water production field concessions, as well as its processing, refining, logistics, storage, transport and marketing infrastructure of oil and natural gas, located in the Potiguar basin, in the state of Rio Grande do Norte – RN, jointly called Potiguar Cluster, to the company 3R Potiguar SA, a 100% subsidiary of 3R Petroleum Óleo e Gás SA. The signing of the sale and purchase agreement and subsequent steps will be disclosed to the market in due course.

The total amount of the sale is US$1.38 billion, being (a) US$110 million paid on the date of signature of the purchase and sale agreement; (b) US$1.04 billion upon closing of the transaction and (c) US$235 million which will be paid in 4 annual installments of US$58.75 million, beginning March 24. The amounts do not take into account adjustments due until the closing of the transaction, which is subject to the fulfillment of conditions precedent, such as approval by the National Agency for Petroleum, Natural Gas and Biofuels (ANP).

This disclosure is in accordance with the internal rules of Petrobras and the provisions of the special procedure for the transfer of the rights of exploration, development and production of petroleum, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.

This transaction is part of the company’s portfolio management strategy and the improvement of its capital allocation, aimed at maximizing value and offering a better return to the company. Petrobras is increasingly focusing its resources on deep and ultra-deepwater assets, where it has shown a great competitive advantage over the years, producing higher quality oil and with lower greenhouse gas emissions.

About the Potiguar Pole

The Potiguar cluster comprises three sub-clusters (Canto do Amaro, Alto do Rodrigues and Ubarana), totaling 22 fields, with 3 offshore concessions and 19 onshore concessions located in Rio Grande do Norte, and includes access to processing, refining, logistics, storage, transportation and exits of oil and natural gas. The concessions of the Ubarana sub-cluster are located in shallow waters, between 10 and 22 km offshore from the municipality of Guamaré-RN. The concessions of the Canto do Amaro and Alto do Rodrigues sub-clusters are onshore.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO SA – PETROBRAS | Investor Relations email: [email protected]/[email protected] Av. Henrique Valadares, 28 – 19 Andar – 20231-030-Rio de Janeiro, RJ. Phone. : 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 (the Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (the Trading Act) which reflect the expectations of the Company’s managers. . The terms: “plans”, “believes”, “expects”, “predicts”, “intends”, “plans”, “projects”, “aims”, “should” and similar terms, are intended to identify such forecasts, which clearly involve risks or uncertainties, whether or not foreseen by the Company. Accordingly, the future results of the Company’s operations may differ from current expectations, and the reader should not rely solely on the information contained herein.

The Potiguar cluster’s average production for 2021 was 20.6 thousand barrels of oil per day (bpd) and 58.1 thousand m³/day of natural gas. In addition to the concessions and their production facilities, the transaction also includes the refining structure integrated into the oil and gas production process, consisting of the Clara Camarão refinery, located in Guamaré/RN, with an installed refining capacity of 39,600 bpd.

About 3R Potiguar SA

3R Potiguar SA is a company focused on the redevelopment of mature and producing fields, controlled by 3R Petroleum Óleo e Gás SA (3R Petroleum), a company listed on the Novo Mercado of the Brazilian Stock Exchange.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO SA – PETROBRAS | Investor Relations email: [email protected]/[email protected] Av. Henrique Valadares, 28 – 19 Andar – 20231-030-Rio de Janeiro, RJ. Phone. : 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 (the Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (the Trading Act) which reflect the expectations of the Company’s managers. . The terms: “plans”, “believes”, “expects”, “predicts”, “intends”, “plans”, “projects”, “aims”, “should” and similar terms, are intended to identify such forecasts, which clearly involve risks or uncertainties, whether or not foreseen by the Company. Accordingly, the future results of the Company’s operations may differ from current expectations, and the reader should not rely solely on the information contained herein.

Warning

PETROBRAS – Petroleo Brasileiro SA published this content on January 28, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 28, 2022 21:46:58 UTC.

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