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INVESTMENT

Petrobras starts

non-binding phase
of Marlim Cluster sale

Petrobras, following up on the release disclosed
on November 16, 2020, informs the beginning
of the non-binding phase regarding the sale
of 50% of its stakes in the concessions of Mar-
lim, Voador, East Marlim and South Marlim,
together called the Marlim Cluster, located pre-
dominantly in deep waters in the Campos Basin.
Potential buyers qualified for this phase will
receive instructions on the divestment process,
including guidelines for the preparation and located in the Sergipe-Alagoas Basin, in the State transaction was concluded with the payment of
submission of non-binding proposals, as well of Sergipe. $2.571mn to Petrobras, already with the adjust-
as access to a virtual data room containing addi- The sale value is $ 1.5mn, paid in a single ments foreseen in the contract. The amount
tional information about the Cluster. The main installment in the contract signature. The clos- received at the closing is added to the amount of
subsequent stages of the project will be reported ing of the transaction is subject to the fulfillment $602,000 paid to Petrobras at the signing of the
to the market in due course. of previous conditions, such as the non-exercise sales contract, totaling $3.173mn.
The Marlim Cluster comprises four produc- of preferential rights by the current consortium This disclosure complies with the Petrobras’
tion concessions located in the Campos Basin. Petrom and the approval by the National Petro- internal rules and with the provisions of the
Petrobras is the operator with 100% stake. leum, Natural Gas and Biofuels Agency (ANP). special procedure for assignment of rights to
The Marlim and Voador fields occupy an This disclosure is in accordance with Petro- exploration, development and production of oil,
area of 339.3 square km and are located in deep bras’ internal rules and with the provisions of natural gas and other fluid hydrocarbons, pro-
waters, with water depth ranging from 400 the special procedure for assignment of rights vided for in Decree 9,355/2018.
metres to 1,050 metres, at a distance of about on exploration, development and production This transaction is in line with the portfolio
150 km from Macaé, on the northern coast of the of oil, natural gas and other fluid hydrocarbons, optimisation strategy and the improvement of
state of Rio de Janeiro. Marlim and Voador share provided for in Decree 9,355/2018. the company’s capital allocation, increasingly
the production infrastructure and, between Jan- The Rabo Branco field is part of the concentrating its resources in world-class assets
uary and November 2020, produced an average BT-SEAL-13 concession. The concession is in deep and ultra-deep waters, where Petrobras
of 65,300 bpd of oil and 885,000 cubic metres per located south of the Carmópolis field, in the Ser- has demonstrated great competitive edge over
day of gas. gipe-Alagoas Basin, Sergipe State. Petrobras has the years.
The Marlim Leste field is located east of the a 50% stake in the Rabo Branco field, in part- The onshore fields called Conceicao, Quer-
Marlim field, at a distance of about 107 km from nership with Petrom, which is the Operator and era, Fazenda Matinha and Fazenda Santa Rosa
Cabo de São Tomé, located in deep and ultra- holds the remaining 50%. The average oil pro- are located about 110 km from the city of Salva-
deep waters, with water depth ranging from 780 duction of the field, from January to October dor. The average production of these fields from
metres to 2,000 metres. From January to Novem- 2020, was 138 bpd. January to October 2020 was approximately
ber 2020, Marlim Leste produced an average of Petrom started to operate the field on Feb- 24,300 cubic metres per day of natural gas (153
39,400 bpd of oil and 633,000 cubic metres per ruary 12, 2020, after approval by the ANP of boepd), with no oil production. After the con-
day of gas. the assignment of rights of Petrogal Brasil, the clusion of the sale, Eagle will hold 100% interest
The Marlim Sul field is located south of the result of a private negotiation between the com- in these concessions.
Marlim and Marlim Leste fields, at a distance of panies not related to the process conducted by Petrobras, December 13 2020
about 90 km from the northern coast of Rio de Petrobras.
Janeiro, located in deep and ultra-deep waters, in Petrobras, December 13 2020
water depth that vary from 800 metres to 2,500 FINANCE
metres and produced on average, from January Petrobras concludes
to November 2020, about 109,600 bpd of oil and Ecopetrol set to invest
2.073mn cubic metres per day of gas. the sale of onshore fields
Petrobras, December 14 2020 $3.5-$4.0bn in 2021
Petrobras signs contract for in the Tucano Basin The investment plan approved by the Board of
Petrobras, following up on the release disclosed Directors is oriented towards restoring the Eco-
onshore field in Sergipe on September 3, 2020, informs that it has con- petrol Business growth’s path, increasing com-
cluded the sale of 100% of its stakes in four petitiveness, strengthening the energy transition
Petrobras, following up on the release disclosed onshore fields, located in the Tucano Basin, in of the Ecopetrol Business Group, and enhancing
on March 1, 2020, has signed with Energizzi the state of Bahia, to Eagle Exploracao de Oleo its sustainability agenda through positive social
Energias do Brasil a contract for the sale of its e Gas. and environmental impact in the communities
entire stake in the onshore field of Rabo Branco, After fulfilling all the previous conditions, the where the Company operates.

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