Petrobras begins non-binding phase of E&P assets in gulf of Mexico

Petrobras, in continuity with the statement issued on 10/04/21, informs the beginning of the non-binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) at MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, holder of offshore fields in the Gulf of Mexico.

Potential buyers eligible for this phase will receive a descriptive memorandum containing more detailed information about the company in question, as well as instructions on the disinvestment process, including guidelines for drafting and submitting non-binding proposals.

This disclosure is in accordance with Petrobras’ internal rules.

This operation is aligned with the portfolio management strategy and the improvement of the company’s capital allocation, aiming at maximizing value and greater return to society.

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