Sale of 90% equity interest in TAG:
Opportunity Disclosure - Teasers


Rio de Janeiro, September 5, 2017 – Petróleo Brasileiro S.A. – Petrobras reports
that it has initiated the opportunity disclosure stage (Teasers) related to the
sale process of 90% of its stake in Transportadora Associada de Gás S.A.
("TAG"), a wholly-owned Petrobras subsidiary.

TAG is a company that operates in the natural gas transportation sector, and
currently holds long-term permits to operate and manage a gas pipeline system of
about 4500 km in extension, located mainly in the North and Northeastern regions
of Brazil. The company’s transport capacity is 74.7 MMm3/d, a volume that is
fully employed through long-term contracts with ship-or-pay clauses. Currently,
most of the operation and maintenance services (O&M) is run by Petrobras
Transporte S.A. ("Transpetro"), a wholly-owned Petrobras subsidiary, through
contracts with TAG for this purpose.

The Teasers containing key information about the opportunities, as well as the
objective criteria for the selection of prospective purchasers are available in
Petrobras website: http://www.investidorpetrobras.com.br/en/press-releases.

Besides the Teaser, the main subsequent phases of the company's divestment
project will be disclosed, as detailed below:

•	Start of non-binding phase (if applicable);
•	Start of binding phase;
•	Concession of exclusive negotiation (if applicable);
•	Transaction approval by Senior Management (Executive Board and Board of
Directors) and signature of contracts;
•	Closing.

The disclosure to the market herein is in compliance with Petrobras' divestment
methodology, which was reviewed and approved by our Executive Board, and is
aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de
Contas da União).

This material is being provided pursuant to Brazilian regulatory requirements,
does not constitute an offering, under the U.S. securities laws, and is not a
solicitation, invitation or offer to buy or sell any securities. The information
on our website, which is accessible through hyperlink resulting from this URL,
is not and shall not be deemed part of this report on Form 6-K.
_____________________________________________________________________
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.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made. There is no
assurance that the expected events, trends or results will actually occur. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information or future events or for any
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.