Petróleo Brasileiro S.A. - Petrobras informed that it has signed a Memorandum of Understanding (MoU) with bp to promote cooperation and business opportunities between the companies. The non-binding agreement covers topics such as Sustainable Fuels, Carbon Credits, Biorefining and Exploration and Production. The companies also aim to work together on research, development, and innovation projects.

Petrobras and bp are partners in exploration blocks in the Exploration & Production segment, including Alto de Cabo Frio Central, in the Campos Basin, and the Barreirinhas Basin, all operated by Petrobras. Material facts on the subject will be disclosed to the market in due course.