Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
July 12 2021 - 09:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 6-K
Report of Foreign Private
Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange
Act of 1934
For the month of
July, 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 Itapu Coparticipation
Agreement
—
Rio de Janeiro,
July 12, 2021 - Petróleo Brasileiro S.A. – Petrobras informs that it signed with Pré-sal Petróleo S.A.
(PPSA) the Itapu Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Contract (ToR) and the Production
Sharing Contract (PSC) for the Suplus of the Transfer of Rights for the Itapu field, in the Santos Basin pre-salt area.
The negotiations started right after the
bidding process, held on November 6, 2019, in which Petrobras acquired 100% of the rights to explore and produce the surplus volume of
the ToR from Itapu field. Petrobras and PPSA, together, defined the field's Development Plan, production forecasts and recoverable volumes
estimates, agreeing on the following Tract Participations (TPs):
Contract
|
Co-participated area
Tract Participations (%)
|
Recoverable volume (million boe)
|
Transfer of Rights (ToR)
|
51.708%
|
350
|
Production Sharing (PSC)
|
48.292%
|
319
|
The oil and gas price assumptions, discount
rate and cost metrics were established in MME Directive n. 213/2019. Thus, the value of the total compensation
due to the ToR (100% Petrobras) by the PSC is approximately US$ 1.274 billion, which will be fully recovered as Cost Oil by Petrobras,
as the contracted party in the PSC.
The effectiveness of the Agreement is subject
to approval by the National Petroleum, Natural Gas and Biofuels Agency (ANP).
The presented compensation estimate is based
on an effective date of the Agreement as of September 1, 2021. In case the approval date by ANP leads to another effective date, the necessary
adjustments will be made.
www.petrobras.com.br/ir
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
| Investors Relations
email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. República do Chile, 65 – 1803 –
20031-912 – Rio de Janeiro, RJ.
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.
SIGNATURES
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: July 12, 2021
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Rodrigo Araujo Alves
______________________________
Rodrigo Araujo Alves
Chief Financial Officer and Investor Relations
Officer
Petroleo Brasileiro ADR (NYSE:PBR)
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