Settlement Agreement in Judicial & Arbitral Litigation with Grupo Barra

Source: www.gulfoilandgas.com 3/17/2021, Location: South America

Dommo Energia S.A. (“Company”) pursuant to article 157, paragraph 4th of Brazilian Corporate Law 6,404/76 and CVM Instruction 358/02, as amended, announces to its shareholders and the market in general that, together with its subsidiaries Dommo Netherlands Holding B.V. and Dommo Netherlands B.V., entered into a settlement agreement with Barra Energia do Brasil Petróleo e Gás Ltda. and FR Barra 1 S.À R.L. (jointly “Grupo Barra”), the parties mutually withdrew from proceeding with arbitration and judicial disputes, related to the disputed share in Block BS-4 (“BS-4”) between the Company and Grupo Barra, and granted release.

The arbitration and judicial disputes related to the remaining share of the Company in BS-4 continue in relation to Queiroz Galvao Exploracao e Producao S.A., currently denominated Enauta Energia S.A., and the National Agency of Petroleum, Natural Gas and Biofuels.

The Company will keep the market and its shareholders informed about the subject addressed in this Material Fact and about any other related acts or facts that may in any way influence the investment decisions of its shareholders and the market in general.


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