Agreement with Dommo Energia

We inform that we have signed an agreement with Dommo Energia regarding all of the ongoing legal proceedings pertaining to the Atlanta Field (Block BS-4), which began after the exercise of the Notice of Withdrawal from Barra Energia.

 

In accordance with the Material Facts published on October 23, 2017 and September 26, 2018, Barra Energia exercised the rights to expel Dommo from Block BS-4, exactly as provided for in the consortium’s Joint Operating Agreement (JOA). After the start of the arbitration procedure, the court ruled that the rights, ownership and working interests of Dommo in Block BS-4 had been transferred to Enauta and Barra Energia since October 11, 2017, with each one holding a 50% working interest in the block. Over the last few years, Dommo has been disputing this transfer.

 

The agreement provides for the extinction of all proceedings between the Parties, including affiliated companies, and restricts new litigation. As such, the prior transfer of Dommo’s 40% working interest to Enauta and Barra Energia will no longer be subject to any legal dispute.

 

For further information, please contact the Investor Relations area.