Check here all the information about Webcast 3Q17.
Petrobras reports that it has achieved top grade in the Governance Indicator ("IG-SEST") prepared by the Secretariat of Coordination and Governance of State-Owned Enterprises - SEST, under the Ministry of Planning, Development and Management - MPDG, with the results gathered in its 1st Assessment Report. The company obtained grade 10.0 and reached Governance Level 1.
Petrobras reports that it has created an internal committee to negotiate the Revision of the Transfer of Rights Agreement with representatives of the Federal Government (Ministry of Mines and Energy, Ministry of Finance, and National Agency of Petroleum, Natural Gas and Biofuels - ANP).
Petrobras, in addition to the press release disclosed on October 17, 2017, informs that yesterday it was suspended by the President of the Federal Regional Court for the 5th Region, the injunction that determined the interruption of the transfer of 22.5% of Petrobras’ stake in the Iara area and the transfer of 35% of Petrobras' stake in Lapa field to Total.
Petrobras informs that it has initiated the opportunity disclosure stage (“Teaser”) related to the sale of 100% equity interest in Petrobras Oil & Gas B.V. (“POGBV”), a joint venture formed by Petrobras (50%), BTG Pactual E&P B.V. (40%) and Helios Investment Partners (10%). Petrobras is leading this sale process.
Petrobras clarifies, regarding the volumes in surplus to the contracted volumes in areas under the Transfer of Rights Agreement, that:
Petrobras reports that it has executed debt prepayment (US$ 1.28 billion), renegotiation of existing debt (US$ 1.6 billion) and new financing operation (US$ 300 million), according to the tables below.
Petrobras reports that on November 3, 2017, the United States Court of Appeals for the Second Circuit (“Second Circuit”) granted Petrobras’s motion to stay the issuance of the mandate pending the filing of a petition for certiorari.
Petrobras informs that has signed a Letter Of Intent (LOI) with BP to jointly identify and evaluate business opportunities involving assets or ventures in Brazil and abroad, which include cooperation on upstream, downstream, gas transportation and marketing, LNG, oil trading, lubricants, aviation fuel, power generation and distribution, renewables, technology and low carbon initiatives, with the purpose of developing a potential strategic alliance between the companies.
Petrobras informs that it will release its 3rd quarter 2017 results on November 13, 2017, after the market is closed.