Petrobras informs that Decree no. 9,173, of 10/18/2017, has been issued, excluding the minority equity stakes held by Petrobras in Deten Química S.A. and Braskem S.A. from the National Privatization Program (Programa Nacional de Desestatização, PND), as published in the Official Federal Gazette yesterday.
Petrobras informs that on October 13, 2017 it signed a contract with Modec Group to charter a FPSO platform (a unit that produces, stores and transfers oil and gas) to be used in the Sepia field development project, derived from the Transfer of Rights Agreement, located in the pre-salt of the Santos Basin. The project considers the interconnection of up to 15 wells to the platform, and the start of production is planned for 2021.
Rio de Janeiro, October 19, 2017 – Petróleo Brasileiro S.A. - Petrobras informs that the Administrative Board of Tax Appeals (CARF) issued yesterday a decision, unanimously, in favor of the company, in an fiscal administrative proceeding in the amount of R$ 7.8 billion, related to the moment of deductibility of expenses incurred by Petrobras in the development of oil and gas production, for purposes of calculating Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL), of the 2010 fiscal year.
Petrobras reports that its total oil and natural gas production in September was 2.79 million barrels of oil equivalent per day (boed), with 2.68 million boed produced in Brazil and 106 thousand boed produced abroad.
Petrobras, pursuant to the press release disclosed on October 11, 2017, informs that it was summoned yesterday of the decision of the 3rd Federal Court of Sergipe that granted an injunction, in a class action, establishing the suspension of the transfer of 22.5% of Petrobras’ stake in the Iara area and the transfer of 35% of Petrobras' stake in Lapa field to Total.
Petrobras reports that the rating agency Moody's updated the company’s corporate debt from B1 to Ba3 and changed the outlook from positive to stable.
Petrobras, further to the Material Fact disclosed on September 28, 2017, reports that the following were filed with the Securities and Exchange Commission of Brazil ("CVM"), on this date:
Petrobras informs that Mr. Antonio Carlos Alves Caldeira, Director of Operations & Logistics of its wholly-owned subsidiary Petrobras Distribuidora S.A. (BR), submitted his resignation today.
Petrobras, in relation to the news published in the media, about the decision of the 3rd Federal Court of Sergipe that granted an injunction, in class action, determining the suspension of the transfer of 22.5% of Petrobras’ stake in the Iara area and the transfer of 35% of the rights and operatorship of the Lapa field to Total, clarifies that it has not yet received any summons, and that it can only confirm its content and express its opinion after the analysis of the injunction, though the Company shall take all legal measures to guarantee its interests and the interests of its shareholders.
Petrobras, pursuant to the material facts disclosed on 12/28/2016 and 3/27/2017, concerning the sale process of PetroquímicaSuape and Citepe, Petrobras wholly-owned subsidiaries, to Alpek, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) published a dispatch yesterday declaring the Act of Concentration to be complex and ordering the execution of a few diligences.