Petrobras informs that it has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) for the acquisition of a 50% interest in the Itaimbezinho block, in the offshore area of the Campos Basin. The partnership maximizes synergies in the Campos Basin, a region where the company is already developing neighboring assets, also in partnership with Equinor, such as the Raia project and the Jaspe exploration license.

Equinor currently holds a 100% interest in the Itaimbezinho block and, upon completion of the transaction, the consortium will be composed of Equinor (operator, 50%), Petrobras (50%) and Pré-Sal Petróleo S.A. (PPSA), as the manager of the Production Sharing Contract.

This transaction reinforces the importance and relevance of exploration activities in Brazil and is aligned with the company’s long‑term strategy, aimed at replenishing oil and gas reserves through the exploration of new frontiers and operating in partnership.

The acquisition of the block has complied with all the company’s internal governance procedures and is aligned with its Business Plan 2026–2030. The assignment process will be submitted to Brazil’s Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP), and completion of the transaction is subject to the fulfillment of precedent conditions, including the applicable governmental and regulatory approvals.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

About Equinor

Equinor ASA is an international energy company headquartered in Norway. The company employs around 21,000 people worldwide. Equinor is already one of the world's most CO2-efficient producers of oil and gas. Equinor leverages strong synergies between oil, gas, renewables, carbon capture and hydrogen. Equinor participates in a consortium that has started the construction of the Northern Lights project, the world’s first full-scale and open-source CO2 transportation and storage project. The company has a growing portfolio in offshore wind with wind farms in Europe and the USA and is involved in various hydrogen projects throughout Europe.