CHAPTER I – NAME, HEAD OFFICE, PURPOSE AND DURATION
1. Petro Rio S.A. (“Company”) is a corporation governed by these Bylaws, by the applicable legislation and by the Novo Mercado Listing Rules (“Novo Mercado Rules”) of the BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (“BM&FBOVESPA”).
Sole Paragraph – The Company, its shareholders, Managers and members of the Fiscal council, when established, are subject to the provisions of the Novo Mercado Rules of the BM&FBOVESPA.
2. The Company has its head office and legal venue in the City and State of Rio de Janeiro, at Praia de Botafogo, 370, 13th floor, Botafogo, CEP 22250-040.
Sole Paragraph – The Company may, by resolution of the Board of Executive Officers, open and close branches, agencies, warehouses, offices and any other establishments, in Brazil or abroad, subject to the provisions of these Bylaws.
3. The purpose of the Company is: (1) participating in other companies as partner, shareholder or quotaholder; and (2) subject to obtaining all possible regulatory approvals, licenses and authorizations: (i) the provision of consulting services and survey projects in the environmental, petroleum, natural gas and mining areas, providing professional consulting services to companies in the areas of collection, organic and inorganic chemical analyses and interpretation of geological, geochemical and geophysicals data, remote sensing of this data and foreign trade consulting services; (ii) the exploration, development and production of petroleum and natural gas; (iii) the import, export, refining, sales and distribution of petroleum, natural gas, fuels and petroleum by-products; and (iv) the generation, sale and distribution of electric energy.
4. The Company shall exist for an indefinite period.