Page 15 - LatAmOil Week 47 2022

LatAmOil NEWS IN BRIEF LatAmOil

Petrobras reinforces its commitment to a com-
prehensive transparency of its divestment pro-
jects and portfolio management and informs
that the subsequent steps will be disclosed to the
market in accordance with the company’s Sys-
tematics for Divestment and Decree 9,188/2017.
Petrobras, November 18 2022
Petrobras on the method of

shareholder remuneration

distribution

Petrobras, following up on the releases disclosed
on November 03, 2022, informs that the distri-
bution of the second installment of the remuner-
ation to shareholders, approved by the Board of
Directors on that date, to be paid on January 19,
2022, in the amount of BRL1.67445, will be paid
as follows:
(i) Dividends: BRL1.600192 net value per
common and preferred outstanding share;
(ii) Interest on equity (IOE): BRL0.074258
gross value per common and preferred out-
standing share.
The record date is November 21, 2022 for
holders of Petrobras shares traded on B3 and
November 23, 2022 is the record date for holders
of American Depositary Receipts (ADRs) traded
on the New York Stock Exchange (NYSE). Petro-
bras shares will be traded ex-rights on B3 and
ADRs shares on NYSE as of November 22, 2022.
The payment of the second installment for
holders of Petrobras shares traded on B3 will
be made on January 19, 2023 and for holders of
ADRs as of January 26, 2023.
The value of the second installment will be respective brokers. Subsea7’s scope covers the concept and
updated by the variation of the Selic rate from Further information can be obtained at any design, engineering, procurement, construc-
December 31, 2022 until the date of payment. Bradesco branch or by the phone 0800 701 1616. tion and installation of a two-phase liquid nat-
The information regarding the first install- For ADRs holders, payment will take place ural gas tieback to the Juniper platform through
ment, to be paid on December 20, 2022 remains as of January 26, 2023 through the JP Morgan dual flexible flowlines and a manifold gathering
unchanged as released on November 03, 2022. Chase Bank, Petrobras’ ADRs depositary bank. system, along with topside upgrades.
Income tax will be levied on the IOE val- Information and clarifications can be obtained Design, engineering, and project manage-
ues, in accordance with the legislation in force. on the website www.adr.com. ment will commence immediately at Subsea7’s
Withholding income tax will not apply to share- Petrobras, November 18 2022 offices in the USA, with offshore installation
holders who can legally prove their immune and planned for 2024.
exempt status. Craig Broussard, Vice President for Subsea7
Dividends and IOE not claimed within 3 PROJECTS & COMPANIES US, said: “We have been working closely with BP
(three) years, as of the payment start date, will and our suppliers at the earliest possible stage to
prescribe and revert in favor of the company Subsea7 awarded help develop and deliver an integrated SPS and
(Law 6,404/76, art. 287, sub II, item a). SURF solution that optimises cost and efficiency,
CREDIT INSTRUCTIONS: For holders of contract offshore to accelerate first gas.”
shares issued by Petrobras traded on B3, the Olivier Blaringhem, CEO for Subsea Inte-
payment will be made by Banco Bradesco S.A. Trinidad and Tobago gration Alliance said: “BP’s Cypre project is a
(Bradesco), the depositary institution of the prime example of our ability to harness the key
book entry shares issued by Petrobras. Subsea 7 has announced the award of a contract strengths of Subsea Integration Alliance; Sub-
All shareholders whose registration is duly to Subsea Integration Alliance (1) to support the sea7 with its expertise in executing complex
updated will have their rights automatically development of BP’s Cypre project, a gas devel- EPCI projects, and OneSubsea’s fast-track dis-
credited to their bank accounts on the payment opment located offshore Trinidad and Tobago. tribution of subsea production systems. Com-
date. For shareholders with shares under custody Subsea7’s scope of the awarded Subsea Integra- bined, we are delivering a refined solution which
at B3, the payment will be made through their tion Alliance contract is substantial (2). enables early first gas.”

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