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LatAmOil NEWS IN BRIEF LatAmOil
INVESTMENT
Petrobras reports on Norte
Capixaba Cluster asset
sale to Seacrest Petróleo
Petrobras, following up on the release disclosed
on February 22, 2022, informs that it has signed
today with the company Seacrest Petróleo SPE
Norte Capixaba, a wholly owned subsidiary of
Seacrest Exploração e Produção de Petróleo, a
contract for the sale of its total interest (100%)
in a set of 4 concessions of onshore production
fields, with integrated facilities, located in the
state of Espírito Santo - ES, jointly called Norte
Capixaba Cluster.
The total amount of the sale is up to Exploração e Produção de Petróleo, a closed be traded ex-dividends on B3 and NYSE as of
$544mn, with (a) $35.85mn paid on this date capital company, which has, among its main April 14, 2022.
(b) $442.15mn at the closing of the transaction investors, the Seacrest Group. Payment date: for holders of Petrobras shares
and (c) up to $66mn in contingent payments Petrobras, February 23 2022 traded on B3, payment will be made on May 16,
provided for in contracts, depending on future 2022. ADR holders will receive the payment on
Brent quotations. The amounts do not consider Petrobras comments May 23, 2022. Form of distribution: The com-
adjustments due by the closing of the transac- plementary remuneration to shareholders will
tion, which is subject to compliance with certain on remuneration to be distributed in the form of dividends. The
conditions precedent, such as approval by the amount of complementary dividends will be
National Agency of Petroleum, Natural Gas and shareholders updated by the variation of the Selic rate from
Biofuels (ANP). December 31, 2021 until the date of payment.
This disclosure complies with the Petrobras’ Petrobras informs that its Board of Directors, at Petrobras, February 23 2022
internal rules and with the provisions of the a meeting held today, authorised the submission
special procedure for assignment of rights to to the General Shareholders’ Meeting, scheduled
exploration, development and production of oil, for April 13, 2022, the proposal for distribution PERFORMANCE
natural gas and other fluid hydrocarbons, pro- of complementary dividends equivalent to
vided for in Decree 9,355/2018. BRL2.8610762 gross per outstanding preferred Petrobras closes Q4-2021
This operation is aligned with the portfolio and common share. Considering the anticipa-
management strategy and the improved alloca- tions made in August and December 2021, the with positive results
tion of the company’s capital, aiming to maxim- total remuneration to shareholders proposed for
ise value and greater return to society. Petrobras 2021 fiscal year is equivalent to BRL7.773202 per After seven years of hard internal work to recover
is increasingly concentrating its resources on common and preferred share. its finances and credibility, Petrobras achieved
deep and ultradeep water assets, where it has The proposed dividend is in line with the solid operational and financial results in 2021,
shown great competitive edge over the years, Shareholder Remuneration Policy, which pro- with the highlights being the debt equaled and
producing better quality oil and with lower vides that in case of gross debt below $65bn, all of its oil and gas production goals met. The net
greenhouse gas emissions. Petrobras may distribute to its shareholders 60% result for the fourth quarter remained at a level
About Norte Capixaba Cluster: The Norte of the difference between operating cash flow similar to the previous quarter.
Capixaba Cluster comprises four onshore fields: and acquisitions of fixed and intangible assets “The operating and financial results show
Cancã, Fazenda Alegre, Fazenda São Rafael and (investments). Considering the reduction of the that Petrobras has become a strong, healthy
Fazenda Santa Luzia. The North Capixaba Ter- debt to $58.7bn, it was possible to apply the for- company. This is the best way for the company
minal and all the production facilities contained mula in full already in the year 2021. to play its social role, being able to grow, invest,
in the ring fence of the concessions are also part The proposed dividend is compatible with generate jobs, pay taxes, generate dividends
of the Cluster, besides the ownership of some the company’s financial sustainability and is to its shareholders, including the Union, and
lands. aligned with the commitment to create value for effectively contribute to the development of the
The average production of the North Capix- shareholders and society. country,” said Joaquim Silva e Luna, CEO of
aba cluster in 2021 was approximately 6,500 bar- According to the proposal, the complemen- Petrobras.
rels per day (bpd) of oil and 52,200 cubic metres tary dividends will be paid in May, as follows: In 2021, the company provided Brazilian
per day of natural gas. Petrobras is the operator Amount to be paid: BRL2.8610762 gross society with approximately BRL230bn in divi-
of these fields, with a 100% stake. value per common and preferred share out- dends to the Union (an amount corresponding
About Seacrest Petróleo SPE Norte Capixaba: standing. Record date: April 13, 2022 for hold- to the sum of the installments referring to the
Seacrest Petróleo SPE Norte Capixaba is a com- ers of Petrobras shares traded on B3 and April shareholders Federal Government, BNDES and
pany focused on the redevelopment of mature 18, 2022 for ADR holders traded on New York BNDESPar) and federal, state, and municipal
and producing fields, controlled by Seacrest Stock Exchange (NYSE). Petrobras shares will taxes.
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