Execution of Letter of Intent for studies at Solimões Basin

Petróleo Brasileiro SA – Petrobras announces that it has executed a Letter of Intent with HRT O&G Exploração e Produção de Petróleo Ltda (HRT) and TNK-Brasil Exploração e Produção de Óleo e Gás Natural Ltda. (TNK) for the development of studies in the concession areas of the companies at Solimões Basin, in the state of Amazonas.
The objective of the Letter is to carry out joint analyses in order to assess the viability of monetization of the natural gas in concessions located in areas contiguous to the Juruá Field, at the Solimões Basin.
According to the terms of the Letter, there is no obligation that any commercial or operational agreement, related to the results of the studies, must be signed.