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    PETR4   BRPETRACNPR6

PETROBRAS

(PETR4)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-09-30 pm EDT
29.80 BRL   +1.67%
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Petrobras : concludes the sale of onshore fields in Ceará August 05, 2022

08/05/2022 | 06:54pm EDT

Petrobras concludes the sale of onshore fields in Ceará

-

Rio de Janeiro, August 05, 2022 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/14/2020, informs that it has concluded today the sale of all its stakes in the onshore fields of Fazenda Belém and Icapuí, jointly called Fazenda Belém Cluster, located in the Potiguar Basin, in the state of Ceará to 3R Fazenda Belém S.A., previously called SPE Fazenda Belém S.A.

After compliance with the preceding conditions, the operation was concluded with the payment at sight of US$ 4.6 million to Petrobras, already with the adjustments provided for in the contract. The amount received today is in addition to the US$ 8.8 million paid to Petrobras on the date the purchase and sale agreement was signed. In addition to this amount, the company will also receive US$ 10 million, within one year after the closing of the operation, which will be adjusted based on the conditions foreseen in the purchase and sale agreement.

This disclosure is in accordance with Petrobras' internal rules and with the provisions of the special procedure for assignment of rights on exploration, development and production of oil, natural gas and other fluid hydrocarbons, provided for in Decree 9,355/2018.

This transaction is in line with the company's portfolio management strategy and the improved allocation of its capital, aiming to maximize value and provide greater return to society. Petrobras is increasingly concentrating its resources on assets in deep and ultradeep waters, where it has shown a great competitive edge over the years.

About Fazenda Belém Cluster

The Cluster comprises the onshore fields of Fazenda Belém and Icapuí, located in the state of Ceará, where Petrobras holds 100% stakes. The average production of the Fazenda Belém Cluster from January to July 2022 was approximately 575 barrels of oil per day (bpd).

About 3R Fazenda Belém S.A.

3R Fazenda Belém S.A. is a company focused on the redevelopment of mature and producing fields, a wholly owned subsidiary of 3R Petroleum Óleo e Gás S.A., a company listed on B3 New Market.

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. Henrique Valadares, 28 - 19 th floor - 20231-030 - 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.

Disclaimer

PETROBRAS - Petróleo Brasileiro SA published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 22:53:05 UTC.


© Publicnow 2022
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Financials
Sales 2022 615 B 114 B 114 B
Net income 2022 165 B 30 499 M 30 499 M
Net Debt 2022 230 B 42 528 M 42 528 M
P/E ratio 2022 2,21x
Yield 2022 64,8%
Capitalization 413 B 76 331 M 76 331 M
EV / Sales 2022 1,05x
EV / Sales 2023 1,21x
Nbr of Employees 45 532
Free-Float 64,4%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 29,80 BRL
Average target price 41,41 BRL
Spread / Average Target 39,0%
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Managers and Directors
Caio Mario Paes de Andrade Chief Executive Officer & Director
Fernando Assumpção Borges President
Rodrigo Araujo Alves Chief Financial Officer
Gileno Gurjo Barreto Chairman & Executive Director-Exploration
Marcelo da Silva Carreras Head-IT & Telecommunications
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