Petrobras, further to the announcement made on 27/12/2023, informs that it has concluded the acquisition of stakes in the 3 exploratory blocks 10, 11 and 13, in São Tomé and Príncipe, Africa, and has signed amendments to the production sharing contracts and Joint Operating Agreements and became part of the consortia for these blocks.

Petrobras thus acquired a 45% stake in interest in blocks 10 and 13 and a 25% interest in block 11, with the consortia to have the following composition:

  - Block 10: Shell, operator (40%), Petrobras (45%) and ANP-STP (15%)
  - Block 11: Shell, operator (40%), Petrobras (25%), Galp (20%) and ANP-STP (15%)
  - Block 13: Shell, operator (40%), Petrobras (45%) and ANP-STP (15%)

The operation marks the resumption of exploratory operations on the African continent, with the aim of diversifying the portfolio, and is in line with the company's long-term strategy, aimed at restoring oil and gas reserves by exploring new frontiers and working in partnership.

The acquisition of the blocks in São Tomé and Príncipe complied with all the company's internal governance procedures and is in line with the 2024-2028+ Strategic Plan (PE 2024-28+).

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.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.