Sale of interest in Nova Transportadora do Sudeste completed

Rio de Janeiro, April 4, 2017 – Petróleo Brasileiro S.A. – Petrobras informs
that it concluded today the sale transaction announced on September 23, 2016, of
90% of the company's shares in Nova Transportadora do Sudeste ("NTS") to Nova
Infraestrutura Fundo de Investimentos em Participações ("FIP"), managed by
Brookfield Brasil Asset Management Investmentos Ltda, an entity affiliated with
Brookfield Asset Management.

The operation was completed upon payment today of US$ 4.23 billion, after all
precedent conditions and adjustments provided for in the purchase and sale
agreement were fulfilled. The total amount received by Petrobras consists of US$
2.59 billion for the sale of shares and US$ 1.64 billion for the debentures
convertible in shares issued by NTS, maturing in 10 years, for substitution of a
debt to Petrobras Global Trading B.V. ("PGT"), a wholly-owned subsidiary of
Petrobras. The remaining balance (US$ 850 million, also referring to the sale of
shares) will be paid in five years, and adjusted over the period.

Petrobras will continue to use NTS’ natural gas transport facilities, through
current gas transport contracts, with no impact on its operations neither on the
delivery of gas to distributors and other customers.

Transpetro will remain in charge of the operation and maintenance of assets
through a new service agreement signed with NTS today, with a ten years term.

Petrobras further informs that after closing this transaction, FIP executed the
sale of part of its shares in NTS to Itaúsa - Investimentos Itaú S.A.
("Itaúsa"), under the same commercial conditions as the transaction between
Petrobras and FIP.

With the completion of the two transactions today, NTS now has the following
ownership structure:
•	FIP: 82.35%
•	Petrobras: 10%
•	Itaúsa: 7.65%

The Board of Directors of NTS will consist of seven members nominated by FIP,
two nominated by Petrobras, and one nominated by Itaúsa.

The transaction is part of the Partnership and Divestiment Program, which
totaled US$ 13.6 billion in the 2015-2016 biennium. The sale is in line with the
company's Strategic Plan/2017-21 Business and Management Plan, which provides
for participation in the oil and gas supply chain through partnerships.  In
addition, the transaction opens opportunities for partnerships with other
companies to contribute to strengthening the natural gas industry in Brazil,
fostering (encouraging) new investments in the expansion of gas transport
infrastructure.



__________________________________________________________________________________
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
and financial performance, among other matters, contain words such as “believe,”
“expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,”
“will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.
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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.