Petrobras (NYSE: PBR) joins Equinor in new Campos Basin exploration deal
Rhea-AI Filing Summary
Petróleo Brasileiro S.A. – Petrobras has agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil’s Campos Basin from Equinor Brasil Energia. After closing, Equinor will operate the block with 50%, Petrobras will hold 50%, and Pré-Sal Petróleo S.A. will manage the Production Sharing Contract.
The company states that this move fits its long-term strategy to replenish oil and gas reserves by exploring new frontiers and working in partnerships. It also highlights potential synergies with nearby assets in the Campos Basin, including the Raia project and the Jaspe exploration license, where Petrobras already partners with Equinor.
Completion of the transaction is not yet final and depends on fulfillment of precedent conditions, including approvals from Brazil’s Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras notes that the acquisition followed all of its internal governance procedures and is aligned with its Business Plan 2026–2030.
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Insights
Petrobras deepens Campos Basin exploration via a 50% stake in Itaimbezinho, expanding a strategic partnership with Equinor.
Petrobras is acquiring a 50% interest in the offshore Itaimbezinho exploration block in the Campos Basin from Equinor, creating a 50/50 consortium with Equinor as operator and Pré-Sal Petróleo S.A. managing the Production Sharing Contract. This extends Petrobras’s upstream exposure in a known hydrocarbon province.
The company explicitly ties the transaction to its long-term strategy of replenishing oil and gas reserves through exploration of “new frontiers” and operating in partnership. Synergies are expected with nearby assets such as the Raia project and the Jaspe exploration license, where Petrobras already collaborates with Equinor, suggesting operational scale benefits within the basin.
However, the deal remains subject to precedent conditions, including approvals by Brazil’s Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Until these are granted and the transaction closes, any production or reserve impact is prospective, and exploration outcomes themselves remain uncertain, as is typical for upstream projects.
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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 June, 2026
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 – 9th 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____
Acquisition of Interest in Exploration Block in the Campos Basin
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Rio de Janeiro, June 10, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) for the acquisition of a 50% interest in the Itaimbezinho block, in the offshore area of the Campos Basin.
Equinor currently holds a 100% interest in the Itaimbezinho block and, upon completion of the transaction, the consortium will be composed of Equinor (operator, 50%), Petrobras (50%) and Pré-Sal Petróleo S.A. (PPSA), as the manager of the Production Sharing Contract.
This transaction reinforces the importance and relevance of exploration activities in Brazil and is aligned with the company’s long-term strategy, aimed at replenishing oil and gas reserves through the exploration of new frontiers and operating in partnership.
The partnership maximizes synergies in the Campos Basin, a region where the company is already developing neighboring assets, also in partnership with Equinor, such as the Raia project and the Jaspe exploration license.
The acquisition of the block has complied with all the company’s internal governance procedures and is aligned with its Business Plan 2026–2030.
The assignment process will be submitted to Brazil’s Administrative Council for Economic Defense (CADE) and the National Agency of Petroleum, Natural Gas and Biofuels (ANP), and completion of the transaction is subject to the fulfillment of precedent conditions, including the applicable governmental and regulatory approvals.
www.petrobras.com.br/ri
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations
Email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947
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: June 10, 2026
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Fernando Sabbi Melgarejo
______________________________
Fernando Sabbi Melgarejo
Chief Financial Officer and Investor Relations Officer