Sale of Juruá Field in Solimões Basin: Disclosure of the Teaser

Río de Janeiro, May 22, 2017 - Petróleo Brasileiro S.A. - Petrobras informs that it has started the disclosure phase of the Teaser regarding the transfer of Petrobras' stake in the Juruá Field, in the Solimões Basin.

In this project, Petrobras offers 100% of the stake in the Juruá Field (Concession Juruá), located in Amazonas state. The potential transaction represents an opportunity to develop and monetize a natural gas discovery in close proximity of fields operated by Petrobras and of infrastructure for processing and gas flow.

The Teaser containing key information about the opportunity, as well as the objective criteria for the selection of prospective purchasers is available in Petrobras website: http://www.investidorpetrobras.com.br/en/press-releases.

Besides the Teaser, the main subsequent phases of each divestment project will be disclosed, as detailed below:

• Start of the non-binding phase (if applicable);
• Start of the binding phase;
• Concession of exclusive negotiation (if applicable);
• Transaction approval by Senior Management (Executive Board and Board of Directors) and signature of contracts;
• Closing.

The disclosure to the market herein is in compliance with Petrobras' divestment methodology, which was reviewed and approved by our Executive Board, and is aligned with the guidelines of the Federal Accounting Court (TCU - Tribunal de Contas da União).

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website, which is accessible through hyperlink resulting from this URL, is not and shall not be deemed part of this report on Form 6-K.