Contracting of FPSO for Sepia field


Rio de Janeiro, October 19, 2017 - Petróleo Brasileiro S.A. – Petrobras informs
that on October 13, 2017 it signed a contract with Modec Group to charter a FPSO
platform (a unit that produces, stores and transfers oil and gas) to be used in
the Sepia field development project, derived from the Transfer of Rights
Agreement, located in the pre-salt of the Santos Basin. The project considers
the interconnection of up to 15 wells to the platform, and the start of
production is planned for 2021.

The FPSO will be installed at about 250 km from the Brazilian coast, at a water
depth of 2,140 meters and can process up to 180,000 bpd of oil and 6 million
m3/dia of natural gas. The unit will be operated by the company responsible for
the construction and chartered for up to 21 years.

The platform will have part of its construction carried out in Brazil, aligned
with Petrobras’ experience with other charters already performed.


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www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947

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