Petrobras clarifies, in relation to the news published by the Brazilian newspaper “Folha de São Paulo”, on March 31, 2018, entitled “Petrobras avalia venda de 25% do refino” (Petrobras evaluates the sale of 25% of refining), that there is no decision on the model of partnerships and disinvestments in refining by its Executive Board or its Board of Directors.
Petrobras reports that it has acquired 7 offshore blocks in the 15th Round of Bids under the Concession Regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The company is advancing its partnership strategy and will be the operator in 5 blocks.
Petrobras reports that it has signed yesterday, with the Specific Purpose Entity (SPE) formed by the Chinese company Shandong Kerui Petroleum and the Brazilian company Método Potencial, a contract in the approximate value of R$ 1.95 billion for the construction of the Natural Gas Processing Unit (UPGN) to be installed in Itaboraí (RJ).
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that holders of US$7,639,381,000 and €365,771,000 principal amount of the outstanding notes of the series set forth in the table below (all such notes, collectively, the “Notes” and each a “series” of Notes), issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), tendered their Notes at or prior to 5:00 p.m., New York City time, on March 28, 2018 (the “Early Tender Date”), pursuant to PGF’s previously announced cash tender offers (the “Tender Offers”).
Petrobras, further to the Press Release disclosed on 1/25/2018, reports that its Board of Directors has approved, at a meeting held today, the company’s participation in the Oil and Gas Climate Initiative (OGCI). This is one of the main initiatives of the oil and gas sector to reduce and capture greenhouse gas emissions.
Petrobras informs that it has deployed a hedging strategy for part of its expected oil production in 2018.
Petróleo Brasileiro SA - Petrobras, in addition to the press release disclosed on 03/20/2018, informs that the mothballing of the fertilizer plants located in Sergipe (Fafen-SE) and Bahia (Fafen-BA) should be concluded until October 31, 2018.
Petrobras reports that it has signed on 3/23/2018 with Banco do Brasil a revolving credit facility in the amount of R$ 2 billion, with maturity in February 2023. Through the instrument, the company may draw from the line until the month prior to maturity.
Petrobras informs that it has received today the second installment, in the amount of US$ 300 million, related to the sale of its stake in the exploratory block BM-S-8 to Statoil Brasil Óleo e Gás Ltda., closed on November 22, 2016.
Petrobras reports that its total oil and natural gas production in February was 2.69 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 99 thousand boed produced abroad.