Brazil Energy Opportunities & Sustainability Commitments

E&P strategic goals RIGHT ASSETS IN THE RIGHT HANDS Petrobras Divestment Plan plays key role in this goal. Support small and medium producers market INCREASE THE RECOVERY FACTOR Brazil's Current RF: 10% This represents an enormous opportunity in the mature fields. Need to reduce OPEX and decommissioning costs INCREASE EXPLORATORY ACTIVITIES The COVID-19 pandemic accelerated energy transition discussions and reinforced the sense of urgency in exploring our resources MAKE VIABLE THE MARGINAL DISCOVERIES There are many marginal discoveries in the different environments that could be developed if we address the correct incentives to make them viable We need to keep increasing above ground competitiveness in order to achieve our main goals anp

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