Monday 10 July 2017

Petróleo Brasileiro S.A. – Petrobras informs that it has initiated the disclosure phase of the Teaser for the full sale of its stake in the Maromba Field, in the Campos Basin.

In this project, Petrobras, which is the operator with 70% stake, and Chevron Brasil Petróleo Ltda., which holds 30% stake, jointly offer 100% of the rights to the Maromba Field (Concession BC-20A), located in the southeast of the Campos Basin. The potential transaction represents an opportunity to develop and monetize a heavy oil discovery in shallow waters, close to the producing fields of Peregrino and Papa-Terra.

The Teaser containing key information about the opportunity, as well as the objective criteria for the selection of prospective purchasers is available in Petrobras website: http://www.investidorpetrobras.com.br/en/press-releases.

Besides the Teaser, the main subsequent phases of each divestment project will be disclosed, as detailed below:

Start of the non-binding phase (if applicable);

Start of the binding phase;

Concession of exclusive negotiation (if applicable);

Transaction approval by Senior Management (Executive Board and Board of Directors) and signature of contracts;

Closing.

The disclosure to the market herein is in compliance with Petrobras' divestment methodology, which was reviewed and approved by our Executive Board, and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da União).

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website, which is accessible through hyperlink resulting from this URL, is not and shall not be deemed part of this report on Form 6-K.

Related Oil & Gas Projects

• Maromba