Amortization of bank financing with BNDES


Rio de Janeiro, November 28, 2016 - Petróleo Brasileiro S.A. - Petrobras,
further to the Material Fact disclosed on November 22, 2016, informs that the
amount of US$ 1.25 billion received upon the closing of the sale of the stake in
the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA is being used in
full for the early liquidation of part of the financing contract between
Transportadora Associada de Gás S.A. (TAG), a wholly-owned subsidiary of
Petrobras, and the Brazilian Development Bank - BNDES.

This is an important measure that has been implemented by Petrobras to use the
proceeds from the divestment program to reduce its indebtedness.



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RJ | Phone: 55 (21) 3224-1510 / 3224-9947

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