Petróleo Brasileiro S A Petrobras : Petrobras on the lease of the LNG Regasification Terminal

Petrobras on the lease of the LNG Regasification Terminal

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Rio de Janeiro, December 9, 2019 - Petróleo Brasileiro S.A. - Petrobras, in accordance with the commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline.

Thus, the company begins today the prequalification procedure of the candidates, aiming to qualify companies that express interest in participating in the bidding process, respecting the conditions presented in the Call for Prequalification, available on the Petrobras website (http://www.petrobras.com.br/en/business-channels/).

The process will follow the acts and rites provided for in Federal Law 13,303/2016 (State- Owned Companies Law).

The leasing is in line with the company's strategy of improving its capital allocation and building a favorable environment for new investors to enter the natural gas sector.

About the Asset

The TR-BA consists of an inshore terminal with all the required facilities for mooring a Floating Storage and Regasification Unit (FSRU) Vessel and an LNG Supply Vessel in a side- by-side configuration. The maximum regasification flow rate of TR-BA is 20 million m³/day (@ 1 atm and 20 ° C).

The integrated pipeline is 45 km long and 28 inches in diameter and connects TR-BA to two delivery points, São Francisco do Conde Pressure Reducing Station and São Sebastião do Passé Flow Control Station.

The FSRU is not part of the TR-BA lease process.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: [e-mail]/[e-mail] Av. República do Chile, 65 - 1803 - 20031-912 - Rio de Janeiro, RJ. Tel.: [phone]/9947 | 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.