Rio de Janeiro - Petroleo Brasileiro S.A. Petrobras informs that it has started negotiations with SBM Offshore N.V. (SBM) to contract the FPSO floating production storage and offloading Almirante Tamandare, to be installed in the Buzios field, in Santos Basin.

The FPSO Almirante Tamandare will be the sixth production system of the Buzios field, with startup schedule for the second half of 2024. It will be the largest oil production unit operating on the Brazilian coast and one of the largest in th e world, with daily processing capacity of 225 thousand barrels of oil and 12 million m3 of gas.

The hiring of SBM will occur directly, in accordance with the law 13.303/16. Petrobras constantly monitors the FPSOs world market and has identified that, at this moment, only SBM has the capacity to meet the technical, operational and availability requirements of the company

The other two units to be installed in Buzios, FPSOs P-78 and P-79, will be contracted by bidding, in the Engineering, Procurement and Construction (EPC) modality. The contracting process is already underway and the winning companies of the public pre-qualification carried out by Petrobras participate in it. The platforms will have the capacity to process 180 thousand barrels of oil and 7.2 million m3 of gas daily, and are expected to start operating in 2025. These two units are the result of Petrobras' strategy of developing new projects of its own platforms, incorporating the lessons learned in the FPSOs already installed in the pre-salt, including aspects of contracting and construction.

Contact:

Tel: 55 (21) 3224-1510

Email: petroinvest@petrobras.com

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities A ct), 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', 'plan s', '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.

(C) 2020 Electronic News Publishing, source ENP Newswire