Divestments in Shallow-Water Fields: Start of the binding phase for Pargo, Sergipe and Merluza Clusters


Rio de Janeiro, April 06, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 07/28/2017 and press release disclosed on 10/04/2017, informs the start of the binding phase regarding the full sale of its exploration, development and production rights in three sets of shallow-water fields: Pargo, Sergipe and Merluza clusters, located in the States of Rio de Janeiro, Sergipe and São Paulo, respectively.

At this stage, process letters are issued to interested parties qualified in the previous phase, with detailed instructions about the divestment processes, 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).