Petrobras receives contingent payment installment for the sale of its stake in the Albacora Leste field

Petrobras, further the notices disclosed on April 27, 2022, and January 26, 2023, hereby informs that today it has received from Petro Rio Jaguar Petróleo S.A. (“PRIO”), a subsidiary of PRIO S.A., R$1.025 billion referring to the contingent payment (earnout) related to the oil barrel price for the 2024 fiscal year.  

Such payment is in accordance with the terms of the agreement negotiated between the companies regarding the sale of Petrobras' entire stake in the Albacora Leste field (located in deep waters in the Campos Basin) to PRIO.   

This is the second and final installment of the contingent payment for the sale of Albacora Leste. On January 31, 2024, Petrobras received the first installment, totaling R$295 million, related to the oil barrel price for the 2023 fiscal year.