Brazil and Argentina
Press Release

Petrobras discloses teaser for sale of Compañia Mega SA

Bnamericas Published: Monday, May 06, 2019

Petrobras release

Rio de Janeiro, May 6, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (Teaser), related to the sale of its 34% stake in Compañia MEGA SA ("MEGA"), through its wholly-owned subsidiary Petrobras International Braspetro B.V. (“PIB BV”). The other shareholders are Repsol YPF with 38% and Dow Chemical with 28%.

MEGA is an Argentinean company that processes natural gas and fractionates its liquids (ethane, propane, butane and natural gasoline). It has a natural gas processing plant with capacity to process more than 40 million m³/day and a natural gas liquid fractionation plant with a capacity to fractionate up to 5 million m³/day.

The Teaser, which contains key information on the opportunity, as well as the eligibility criteria for the selection of potential participants, is available at Petrobras website:

Upcoming key steps of the project will be disclosed to the market in a timely manner.

This transaction is in line with the company’s portfolio optimization and capital allocation improvement, aiming value generation to shareholders.

This disclosure is in accordance with Petrobras Divestment Methodology.

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website, which is accessible through hyperlink resulting from this URL, is not and shall not be deemed part of this report on Form 6-K.

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