Petrobras Signs an Agreement with the ANP

Source: 7/1/2022, Location: South America

Petrobras, following up on the release disclosed on 10/22/21, informs that it signed an agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) relating to the collection of royalties on the operation of the Shale Industrialization Unit (SIX), located in São Mateus do Sul, state of Paraná, as well as the concession contract to regulate shale research and mining at SIX.

The agreement is subject to judicial homologation and, once homologated, will terminate all judicial and administrative processes related to the collection of royalties and administrative fines arising from the mining of oil shale performed at SIX.

The agreement involves the payment of R$ 601 million (value based on June/22) by the company, already provisioned in Petrobras' financial statements.

The decision to adhere to the agreement is in line with the risk management policy associated with the management of contingencies and with the strategy of generating value through the negotiation of amounts in dispute.

Facts deemed relevant on the subject will be disclosed to the market in due course.

Gulf Oil and Gas
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