Petrobras, following up on Communication of December 13, 2023 and August, 30, 2024, informs that it has signed the three remaining concession contracts from the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell and CNOOC, at the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. The consortium will have Petrobras as operator, with a 50% stake, and Shell and CNOOC as partners with 30% and 20% stakes, respectively.

The signing of the contracts for blocks P-M-1737, P-M-1739 and P-M-1797 concludes Petrobras' participation in the auction of the 4th Permanent Concession Offer Cycle, in which it acquired a total of 29 concession contracts in the Pelotas Basin.

The signing of these contracts is in accordance with the company's long-term strategy with the aim of diversifying its portfolio; and it also strengthens Petrobras' position as the main operator of oil fields located in deep and ultra-deep waters, potentializing the recomposition of reserves for the future.

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.