Sale Process of BM-S-8 Exploration Block


Rio de Janeiro, April 17, 2017 – Petróleo Brasileiro S.A. – Petrobras informs
that became aware today of the decision by the 2nd Federal District Court
(Sergipe state) that granted an injunction to suspend the transfer of Petrobras’
stake in the BM-S-8 exploration block ("Carcará Field") to Statoil Brasil Óleo e
Gás Ltda. and the exploration of the field by the purchaser, until further court
deliberation.

As described in the Material Fact disclosed on 11/22/2016, this transaction had
already been finalized after the fulfillment of all the precedent conditions set
forth in the contract, with no restrictions, such as approval by the
Administrative Council for Economic Defense (Cade) and by the National Agency of
Petroleum, Natural Gas and Biofuels (ANP).

Furthermore, pursuant to the Material Fact disclosed on 11/28/2016, Petrobras
clarifies that the US$ 1.25 billion amount received upon the closing of the
transaction was used in full for early settlement of part of the financing
contract between Transportadora Associada de Gás S.A. (TAG), a wholly-owned
Petrobras subsidiary, and the National Bank for Economic and Social Development
(BNDES), where such a measure was adopted to reduce its indebtedness.

Petrobras also informs that will take the appropriate legal action on behalf of
its investors and own interests.

Facts deemed to be relevant shall be timely disclosed to the market.


_______________________________________________________________________________
www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947

FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, that are subject to risks and uncertainties.
The forward-looking statements, which address the Company’s expected business
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other reason.

The Company’s actual results could differ materially from those expressed or
forecast in any forward-looking statements as a result of a variety of
assumptions and factors. These factors include, but are not limited to, the
following: (i) failure to comply with laws or regulations, including fraudulent
activity, corruption, and bribery; (ii) the outcome of ongoing corruption
investigations and any new facts or information that may arise in relation to
the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk
management policies and procedures, including operational risk; and (iv)
litigation, such as class actions or proceedings brought by governmental and
regulatory agencies.  A description of other factors can be found in the
Company’s Annual Report on Form 20-F for the year ended December 31, 2015, and
the Company’s other filings with the U.S. Securities and Exchange Commission.