Acquisition of Interest in Exploration Block in the Campos Basin

Petróleo Brasileiro S.A. – Petrobras has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) to acquire a 50% interest in the Itaimbezinho block, located offshore in the Campos Basin. Following the transaction, Equinor will hold 50% and operate the block, while Petrobras will also hold 50%. This acquisition aligns with Petrobras's long-term strategy to replenish oil and gas reserves through exploration in new frontiers and partnerships, reinforcing the importance of exploration activities in Brazil. The partnership is expected to maximize synergies in the Campos Basin, where Petrobras already collaborates with Equinor on neighboring projects. The acquisition, which adheres to internal governance and the 2026–2030 Business Plan, is subject to approvals from Brazil’s Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP).