Petróleo Brasileiro S A Petrobras : Petrobras on agrarian demand in Bolivia (Form 6-K)

Petrobras on agrarian demand in Bolivia

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Rio de Janeiro, May 28, 2021 - Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news published in the media, informs that its wholly-owned subsidiary Petrobras Bolivia S.A. (PEB) was condemned in the first instance to pay compensation for the use of property where the San Alberto field facilities are located in the amount of US$ 61.1 million, plus interest and costs. The sentence also imposed injunctions against PEB.

In the court decision, an alleged owner of the area occupied by the San Alberto block was awarded compensation for use of the property, calculated from 1996, when the block's operations began. However, since the beginning of activities in the San Alberto block, PEB has entered into easement agreements ('Convenios de Servidumbres') with several peasant communities who, according to a survey conducted at the time with Bolivia's National Institute for Agrarian Reform (INRA), were the rightful owners of these lands.

The San Alberto block is operated by PEB with 35% stake, in partnership with YPFB Andina S.A. (50%) and Total E&P Sucursal Bolivia (15%).

PEB appealed to the higher court, the Agro-environmental Court of the city of Sucre, where the case is currently being evaluated. Petrobras expects the court to reverse the decision. The company understands that irregularities occurred during the process, and PEB will vigorously defend itself in all instances. Petrobras reinforces its confidence in Bolivian institutions, where it has operated for 25 years, always respecting the laws and the communities, and is closely following the case's unfolding.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations

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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.