Prepayment of bank debts


Rio de Janeiro, December 27, 2017 - Petróleo Brasileiro SA - Petrobras informs
that in December it executed, directly or through its controlled companies, debt
prepayments in the total amount of US$ 5.1 billion, with the following
creditors: BNDES , Morgan Stanley, Export Development Canada (EDC), Santander,
The Bank of Tokyo-Mitsubishi UFJ, Citibank, Kreditanstalt für Wiederaufbau
(KFW), JP Morgan, HSBC and Japan Bank for International Cooperation (JBIC). Of
this amount, 72% were expected to be amortized over 2018 and 2019.

These operations conclude the debt management strategy carried out throughout
2017, which raised US$ 26.1 billion, prepaid US$ 28.2 billion and renegotiated
US$ 9.7 billion.

Petrobras will continue to evaluate new opportunities to lengthen the maturity
and reduce the cost of its debt, in accordance with the deleveraging goal set
forth in its 2018-2022 Business and Management Plan.








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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,”
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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, 2016, and
the Company’s other filings with the U.S. Securities and Exchange Commission.