Petrobras informs that the Brazilian Administrative Board of Tax Appeals (CARF) issued today a partially favorable decision in a fiscal administrative proceeding related to taxable income (IRPJ and CSLL) of the 2011 fiscal year in relation to the income from foreign subsidiaries located outside Brazil, in the approximate amount of R$ 3.3 billion.
Petrobras, further to the material fact of 05/23/2018 , informs the beginning of the binding phase related to the partial sale, without transfer of operatorship, of its exploration, development and production rights in four concessions, BM-SEAL-4, BM-SEAL-4A, BM-SEAL-10 e BM-SEAL-11, located in the Deepwater Sergipe-Alagoas Basin.
Petrobras, as the operator, on behalf of the consortium of Entorno de Sapinhoá, reports that it submitted yesterday the declarations of commerciality to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) regarding oil accumulations located in areas adjacent to the Sapinhoá field, in the pre-salt layer of the Santos Basin.
Petrobras informs that yesterday it has extended the payment term of a debt with Mizuho Bank, in the amount of US$ 1 billion, due in two tranches, one in 2020 and the other in 2022.
Petrobras informs that it will release its 2018 second quarter results on August 3, 2018, before the market opens.
The news referred in the Official Letter in question addressed several issues related to the company, mentioning one of several possibilities to be evaluated by Petrobras, in the eventual conclusion of the negotiations Odebrecht S.A., the major shareholder of Braskem S.A., and LyondellBasell—which have already been informed to the Market through the Press Release disclosed on 06/15/2018.
Petrobras reports that, in June, its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed), with 2.53 million boed produced in Brazil and 98 thousand boed produced abroad. Total production operated by the company (Petrobras and partners’ share) was 3.30 million boed, with 3.17 million boed in Brazil.
Petrobras informs that its Board of Directors, at a meeting held today, appointed Mr. Durval José Soledade Santos to the position of member of the Company's Board of Directors, until the next Shareholders' Meeting, as provided for in Article 25 of the Bylaws. The position was vacant since May 29, 2018, as disclosed to the market on May 30, 2018.
Petrobras reports that it has signed yesterday with the French companies Total and Total Eren a Memorandum of Understanding (MoU) to analyze the joint business development in solar energy and wind onshore energy segments in Brazil.
Petrobras informs that yesterday its Executive Board approved the execution of a Term Sheet with Odebrecht S.A., providing for a set of integrity obligations for Odebrecht group companies to enable the removal of the provisional ban imposed by Petrobras since December 29, 2014, to which are currently subject the companies: (i) Construtora Norberto Odebrecht S.A. (currently Odebrecht Engenharia e Construção S.A.); e (ii) Odebrecht Óleo e Gás S.A. (currently Ocyan S.A.).