Page 13 - LatAmOil Week 08 2022
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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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