Divestment in Shallow Water: Beginning of binding phase of the Ceará cluster

Rio de Janeiro, October 18, 2018 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 10/04/2017, informs the beginning of the binding phase regarding the sale of its entire stake in the Ceará cluster, located in shallow waters in the Ceará basin.

At this stage of the project, process letters are issued to qualified interested parties with detailed instructions about the divestment process, in addition to guidelines to conduct due diligence and submit binding proposals.

This disclosure to the market is in compliance with Petrobras' divestment methodology and aligned with the provisions of the special procedure for the sale of the rights to exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9.355/2018.