Optimizing Exploration and Development Opportunities

Resilience in 2020 and ready for recovery Well positioned for growth Janp Emergency flexibilization measures Safety and health concerns - specific monitoring activity 5% of Production growth Gas: 127 Mm³/d Oil: 2.94 Mbpd Pre-salt high performance $ Export records Oil: 1.37 Mbpd Oil and fuel oil with low sulfur content Assets acquisition 50 M&As Upstream deals approved by ANP 18 areas sold in the 2nd Cycle of Open Offer More than 15 Offshore Right assets in the right Prod. Units expected to start operation until 2025 IEA (Oil 2021): "Brazil is poised to be one of the key sources of growth over the medium term" hands Ongoing huge Petrobras divestment plan: new investors in Brazil + Measures to increase competitiveness COVID 19

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