Divestment Opportunities in Onshore Fields: Start of the binding phase for Riacho da Forquilha and Miranga Clusters


Rio de Janeiro, April 03, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on August 28, 2017 and press release disclosed on November 17, 2017, informs the beginning of the binding phase of the processes related to the full sale of its exploration, development and production rights in two sets of onshore fields, Riacho da Forquilha and Miranga, located in Rio Grande do Norte and Bahia states, respectively.

At this stage of the project, the invitation letters are issued to interested parties qualified in the previous phase, with detailed instructions about the divestment process, including the guidelines to conduct due diligence and submit binding proposals.

The present disclosure to the market is pursuant to Petrobras' divestment program and is aligned with the guidelines of the Federal Accounting Court (TCU).