Petrobras reports that its total oil and natural gas production in October was 2.72 million barrels of oil equivalent per day (boed), with 2.62 million boed produced in Brazil and 99 thousand boed produced abroad.
Petrobras, pursuant to CVM Instruction 358/2002, informs about an arbitration award, favorable to the company, which rejected a request made by an investor of Sete Brasil Participações SA, in judicial reorganization, in the arbitration proposed against Petrobras, with the purpose of obtaining reimbursement of investment made in the Sondas Project. The adjusted amount of the lawsuit is approximately R$ 318 million.
Petrobras, further to the press release disclosed on 12/05/2017, announces that it has disbursed the first installment of the financing contracted with the China Development Bank (CDB), in the amount of US$ 3 billion. The remaining balance of the contract, US$ 2 billion, is expected to be disbursed in early January 2018.
Petrobras informs that it has initiated the opportunity disclosure stage (“Teaser”) related to the sale of 100% of the shares held by Petrobras Biocombustíveis ("PBIO"), a wholly-owned subsidiary of Petrobras, in the company BSBios, which corresponds to 50% of the company's capital.
Petrobras and ExxonMobil today signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
Petrobras reports that today it submitted to the National Energy Policy Council (CNPE) an expression of interest to exercise the pre-emption right for the 4th Bid Round of Exploration Block under the production sharing regime, pursuant to Law 12,351/2010 and Federal Decree 9,041/2017.
Petrobras reports that CVM accepted today the registration of the public offering of secondary distribution of shares for Petrobras Distribuidora S.A. (“Offering”) to be held in Brazil, in the non-organized over-the-counter market, pursuant to CVM Instruction 400, of December 29, 2003 and other applicable legal and regulatory provisions, with efforts for foreign offering, pursuant to the legislation in force in the country of each investor.
Petrobras reports that its Executive Group of Market and Prices (GEMP) has decided to review the methodology that has been applied to the price readjustments of LPG for residential use, sold in cylinders of 13 kg.
Petrobras reports that it has received the return of about R$ 654 million through cooperation agreements concluded with individuals and legal entities within the scope of the Car Wash Operation.
Petrobras informs that it has signed yesterday with China Development Bank (CDB) a financing agreement of US$ 5 billion with maturity in 2027.