Public offering of shares for Petrobras Distribuidora (BR):
            Granting of Registration by CVM


Rio de Janeiro, December 14, 2017 - Petróleo Brasileiro S.A. – Petrobras reports
that CVM accepted today the registration of the public offering of secondary
distribution of shares for Petrobras Distribuidora S.A. (“Offering”) to be held
in Brazil, in the non-organized over-the-counter market, pursuant to CVM
Instruction 400, of December 29, 2003 and other applicable legal and regulatory
provisions, with efforts for foreign offering, pursuant to the legislation in
force in the country of each investor.

The company further reports that it disclosed on this date, the Notice of
Initiation and the Final Prospectus of the Offering, which involves the sale of
291,250,000 common shares at the price of R$ 15.00 per share, totaling an amount
of R$ 4,368,750,000.00. Pursuant to article 24 of CVM Instruction 400, the
number of shares offered under the Offering may be increased by an additional
lot of up to 43,687,500 shares, under the same conditions and at the same prices
of issue as initially offered ("Option of Additional Lot"). If the full Option
of Additional Lot is exercised, the amount of the Offering will reach R$
5,024,062,500.00.

The price per share was determined after the conclusion of the collection of
investment intentions procedure along the institutional investors (“Bookbuilding
Procedure”) pursuant to article 23, paragraph 1, and article 44 of CVM
Instruction 400, and in line with the provisions set forth in article 170,
paragraph 1, section III, of the Brazilian Corporate Law, which was carried out
by intermediary financial institutions hired by Petrobras to assist in the
implementation of the Offering and whose parameter was the indications of
interest, based on the quality of the demand (volume and price) gathered from
institutional investors during the Bookbuilding Procedure.

Additional information regarding the Offering may be obtained in the Notice of
Initiation of Distribution and in the Final Prospectus of the Offering, all of
which are available at Petrobras’ website www.investidorpetrobras.com.br/en/.



The Final Prospectus contains additional and supplemental information, and its
reading enables a detailed analysis of the terms and conditions of the Offering
and inherent risks.

This material fact is exclusively informative, pursuant to the legislation in
force, and should not be construed as a notice of offer of shares. No record of
the Offer or shares shall be made at any agency or regulator of capital markets
in any other country, except in Brazil, with CVM.

The shares offered neither have been nor shall be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States without proper registration or an applicable exemption from registration.

Facts deemed relevant will be timely disclosed to the market.


_______________________________________________________________________________________
www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department | 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.