Petrobras Pleads First Instance Decision, Plans to Appeal

Petrobras has announced its first instance decision was handed down regarding the court injunction in which Petrobras pleaded for the suspension of the undue collection, by the National Petroleum Agency (ANP), of special participation differences for the Marlim field.

The sentence was not favorable for Petrobras’ plea. The judge of the 30th Federal Court of Rio de Janeiro decided to revoke the preliminary order that had been previously granted and to deny the injunction the Company had petitioned for.

Petrobras maintained its understanding that the collections made as special participation for the Marlim field were always based on the methodology sanctioned by the ANP itself and on a legally legitimate interpretation of art. 18, XVI, of ANP administrative rule 10/1999. For this reason, confronted with possible threat of damage to its rights and to the interests of its shareholders, it petitioned for the court injunction.

Faced with this fact, Petrobras also announced it will file the appropriate appeal considering the decision of first instance.