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 March, 2023
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 Henrique Valadares, 28 – 19th floor
20231-030 – 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 on agreement with Shell
—
Rio de Janeiro, March 9, 2023 - Petróleo Brasileiro S.A. -
Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan,
Shell´s CEO, signed today a Memorandum of Understanding, during
CERAWeek, in Houston, in order to encourage discussion and
collaboration between the companies. The companies will work
together on identifying potential upstream opportunities, sharing
experience and best practices on reducing carbon emissions, social
and environmental initiatives. The agreement will last five
years.
This non-binding agreement focuses on potential exploration
opportunities in and beyond the pre-salt, including the Equatorial
Margin. It also contemplates energy transition efforts, with an
emphasis on renewables and Carbon Capture, Utilization and Storage
(CCUS). On the environmental front, Petrobras and Shell aim to
establish projects to preserve and restore biodiversity, with the
goal of issuing credits to offset carbon emissions. In addition,
the companies will also look to work together on social investment
projects.
This partnership demonstrates that both companies appreciate there
are strategic synergies in E&P projects that include
decarbonization initiatives, which are important in transitioning
to a low-carbon economy and it reinforces their intention to seek
new opportunities together in Brazil and abroad. Committees with
representatives from both companies will be set up to monitor the
progress of the various studies and discussions.
“Being able to rely on partners, such as Shell, is vital for
Petrobras’s future plans, because partners can add their strength
to areas where the company is looking for profitable
diversification, such as renewables and hydrogen. We will be
looking to learn from the main players as we lead Petrobras towards
a fair energy transition”, stressed Jean Paul Prates.
“As Shell celebrates our 110th anniversary of working in Brazil,
this exciting agreement reinforces both the significance of the
country within our global portfolio, and our strong partnership
with Petrobras,” said Wael Sawan, Shell’s CEO.
Only after the conclusion of technical analyses by a
multidisciplinary group, projects arising from the agreement will
have official estimates of cost and return, necessary to be
appreciated by internal approval instances in the future, according
to the company's governance.
Technological Partnership
Petrobras and Shell have a long track record of working together on
research and development into technology of mutual interest, having
signed in 2020 a Strategic Technical Cooperation Agreement.
Currently, Petrobras and Shell are working together on important
assets in Brazil, like, Tupi, Sapinhoá, Mero, Atapu, among
others.
www.petrobras.com.br/ir
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor
Relations
e-mail:
petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. Henrique Valadares, 28 – 19th floor – 20031-030 – 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: March 9, 2023
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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