Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 57

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 57
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 potential for refurbishment, and the economic viability of repurposing versus decommissioning. By thoroughly analyzing these aspects, we aim to maximize resource efficiency and minimize waste, ensuring that any decision made is in the best interest of both the company and the environment. 
 Once the need for decommissioning has been confirmed, we plan in accordance with the applicable legal requirements, including environmental regulations, and consider studies and guidelines on the best practices of the oil and gas industry worldwide. Therefore, we follow strict safety standards and analyze project alternatives based on multidisciplinary criteria (environmental, technical, security, social and economic), in the planning process, which allows us to select the decommissioning alternative that generates less impact. This decommissioning plan is approved by regulatory bodies before it is carried out.
 Since 2023, when we concluded the first auctions for the sale of platforms P-32 and P-33, both from Campos basins, we have been adopting ESG best practices in our decommissioning process. These sales processes have stipulated several technical criteria and requirements for bidders. The shipyards have required an operating license that explicitly includes dismantling activities, and an installed capacity for the temporary storage and handling of materials, with a contingency and emergency plan, in addition to following best practices in occupational safety.
 Thus, the P-32 platform is currently undergoing dismantling at the Rio Grande Shipyard, and in 2024, the P-33 was hooked out and transferred to the berthing area at the Port of Açu. In the same year, the P-26 platform was also hooked out and directed to the Port of Açu, where it remains berthed while awaiting its final destination. Additionally, in 2024, the FPSO Capixaba, chartered from SBM, was unmoored and sent by its shipowner to the MARS Shipyard in Denmark, in the same manner as the FPSO Fluminense, a vessel owned and operated by Shell in partnership with Petrobras. Both followed a sustainable model and complied with the Basel Convention.
 Throughout the entire recycling process, we monitor the execution of the plans to ensure compliance with the technical criteria mentioned.
 In 2024, continuing the development and expanding the application of the models, we sold and disposed of 40 thousand tons of flexible lines for recycling, with a focus on operational storage efficiency and sustainability. In addition, we established new criteria for the disposal of 36 thousand tons of ferrous scrap, with a process focused on emission reduction gains