Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 79

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 79
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 are amortized on a straight-line basis over their estimated useful lives.

If, when defining the technical and commercial
feasibility of the first field of a block, there are exploratory activities being carried out in different locations in the block, so
that oil and gas volumes can be estimated for other possible reservoirs in the area, then the value of the signature bonus is partially
reclassified to PP&E, based on the ratio between the volume of oil and gas expected (oil in place - VOIP) of a specific reservoir
and the total volume of oil and gas expected for all possible reservoirs in the area.

If exploratory activities in the remaining areas
do not result in technical and commercial viability, the corresponding value of the signature bonus is not written off, but transferred
to PP&E and added to the value of the signature bonus related to the location that was previously assessed as technically and commercially
viable.

Intangible assets with an indefinite useful life
are not amortized but are tested annually for impairment. Their useful lives are reviewed annually.

| 25. | Impairment |

| Statement of income                                   |   2024 |   2023 |   2022 |
| Impairment (losses) reversals                         | -1,531 | -2,680 | -1,315 |
| Exploratory assets                                    |   -224 |   -364 |      − |
| Impairment of equity-accounted investments            |     13 |     -2 |     -6 |
| Net effect within the statement of income             | -1,742 | -3,046 | -1,321 |
| Losses                                                | -1,955 | -3,307 | -1,640 |
| Reversals                                             |    213 |    261 |    319 |
| Statement of financial position                       |   2024 |   2023 |   2022 |
| Property, plant and equipment (1)                     | -1,487 | -2,783 | -1,163 |
| Intangible assets (1)                                 |   -224 |   -364 |     -1 |
| Assets classified as held for sale                    |    -32 |    103 |   -151 |
| Investments                                           |      1 |     -2 |     -6 |
| Net effect within the statement of financial position | -1,742 | -3,046 | -1,321 |
| (1) See note