SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 2021
Commission File Number 1-15106
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
(Exact name of registrant as specified in its charter)
Brazilian Petroleum Corporation – PETROBRAS
(Translation of Registrant's name into English)
Avenida República do Chile, 65
20031-912 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes _______ No___X____
Petrobras signs agreement to sell thermoelectric
Rio de Janeiro, May 3, 2021 - Petróleo Brasileiro S.A. – Petrobras,
following up on the release disclosed on August 14,2020, informs
that today it signed a contract with São Francisco Energia S.A., a
subsidiary of Global Participações em Energia S.A., for the sale of
three fuel oil-powered thermoelectric plants, located in Camaçari,
in the state of Bahia (Camaçari Cluster UTEs).
The sale price is R$ 95 million and does not take into account the
adjustments foreseen in the contract until the closing of the
transaction, which is subject to the fulfillment of precedent
conditions, such as the approvals of the Administrative Council for
Economic Defense (CADE) and the National Agency for Electrical
It is worth clarifying that the divestment project of UTE Canoas,
located in the state of Rio Grande do Sul, remains in progress and
the subsequent steps will be disclosed to the market in due
This disclosure to the market is in accordance with Petrobras'
internal rules and with the special regime for divestment of assets
by federal mixed economy companies, provided for in Decree
This operation is aligned with the company's portfolio optimization
strategy and capital allocation improvement, aiming to maximize
value for its shareholders.
About the thermoelectric plants
The Camaçari Cluster UTEs are Petrobras' assets and encompass the
Arembepe, Bahia 1, and Muricy plants, with a total installed
capacity of 329 MW. The plants operate with fuel oil and have
energy commercialization contracts in the regulated market valid
until December 2023 for UTEs Arembepe and Muricy, and until
December 2025 for UTE Bahia 1.
About Global Participações em Energia S.A.
Global Participações em Energia S.A. has operated in the power
generation segment since 2001, controlling seven plants,
distributed in the states of Rio Grande do Norte, Amazonas,
Tocantins and Bahia. It has great experience in operating fuel oil
thermoelectric plants, and the acquisition of the Arembepe, Muricy
and Bahia 1 UTEs is strategic because it expands its portfolio of
generation assets, especially in Bahia, where it’ already operates
two similar plants.
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investors
Av. República do Chile, 65 – 1803 – 20031-912 – Rio de Janeiro,
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts within the meaning of Section
27A of the Securities Act of 1933, as amended (Securities Act), and
Section 21E of the Securities Trading Act of 1934, as amended
(Trading Act) that reflect the expectations of the Company's
officers. The terms: "anticipates", "believes", "expects",
"predicts", "intends", "plans", "projects", "aims", "should," and
similar terms, aim to identify such forecasts, which evidently
involve risks or uncertainties, predicted or not by the Company.
Therefore, future results of the Company's operations may differ
from current expectations, and the reader should not rely solely on
the information included herein.
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Date: May 3, 2021
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Rodrigo Araujo
Chief Financial Officer and Investor Relations Officer