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, June 17, 2021 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 05/28/2021, informs that its wholly-owned subsidiary Petrobras Bolivia S.A. (PEB) was notified today of a decision by the Agro-environmental Court of the city of Sucre that annulled a first instance sentence that required PEB to pay US$ 61 million, plus interest and costs, as compensation for the use of property where the San Alberto field facilities are located, in Bolivia.

The Court´s decision pointed out evidence of violation of fundamental rights and constitutional guarantees of PEB in the first instance sentence and annulled all acts since the beginning of the lawsuit, highlighting the absence of demonstration of ownership of the area by the plaintiff. The sentence also extinguishes the precautionary measures previously applied, imposes a fine on the first instance judge, and determines that the local Magistrates' Council be notified.

The Agro-environmental Court decision reinforces the company's trust in Bolivian institutions, where it has been operating for 25 years, always respecting the law and the communities.

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

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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.