Petrobras receives payment of the Búzios Coparticipation Agreement

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Rio de Janeiro, August 24, 2021 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/12/2021, informs that today it received cash payment of US$ 2.9 billion for the obligations of its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) in the Búzios Coparticipation Agreement (Agreement).

With this payment, Petrobras will issue the certificate of compliance to the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), aiming to meet the last precedent condition required by the Agreement, which will be in effect as of September 1, 2021.

From the effective date of the Agreement, CNODC and CNOOC have up to 30 calendar days to express their interest in exercising the option to purchase an additional portion, of 5% each, in the Production Sharing Contract for the Suplus of the Transfer of Rights.

Petrobras currently holds 90% of the exploration and production rights for the surplus volume of the Transfer of Rights of the Búzios field, in partnership with CNODC (5%) and CNOOC (5%).

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations

email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br Av. República do Chile, 65 - 1803 - 20031-912 - Rio de Janeiro, RJ. Tel.: 55 (21) 3224-1510/9947 | 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.

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PETROBRAS - Petróleo Brasileiro SA published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 22:03:07 UTC.