Brava Energia Signs Long-Term Oil Purchase Agreement with PetroReconcavo

Brava Energia S.A. has finalized a long-term agreement for the purchase of oil produced by PetroReconcavo S.A. in the Potiguar Asset.

The Agreement, effective from October 1, 2026 to December 31, 2030, marks a significant milestone in the commercial and operational relationship between the parties.

Under the terms of the agreement, Brava Energia will purchase at least 50% of PetroReconcavo's net oil production from the fields of the Potiguar Asset. The new Agreement also incorporates improvements to the commercial and operational terms, including enhancements to the pricing methodology and mechanisms that reflect the characteristics of the oil produced.

These changes are expected to strengthen incentives for operational efficiency, promote greater alignment between market conditions and the commercialization of production, and expand value-capture opportunities for both parties.