Petrobras signs charter contracts for Marlim

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Rio de Janeiro, October 15, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two FPSO platforms. The units will be used in the production development project of the Marlim and Voador fields revitalization - modules 1 and 2, located in the Campos Basin.

The platforms will be installed around 150 km off the brazilian coast, in water depths of approximately 670 meters (FPSO Marlim 1) and 930 meters (FPSO Marlim 2).

The two projects will have capacity to process up to 80,000 bpd (FPSO Marlim 1) and 70,000 bpd (FPSO Marlim 2) of oil and 7 million m³/day (FPSO Marlim 1) and 4 million m³/day (FPSO Marlim 2) of natural gas.

The production start-up is scheduled for the years 2022 and 2023, according to the 2019-2023 Business and Management Plan. The units will be operated and chartered for 25 years.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br Av. República do Chile, 65 - 1002 - 20031-912 - 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.

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PETROBRAS - Petróleo Brasileiro SA published this content on 15 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2019 23:52:05 UTC