Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003847
Chunk: 32

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 32
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ibility of blocks, located in the Campos basin, as described
in note 19.

Exploration costs recognized in the statement of
income and cash used in oil and gas exploration and evaluation activities are set out in the following table:

|                                                                                 | Jan-Sep/2025 | Jan-Sep/2024 | Jul-Sep/2025 | Jul-Sep/2024 |
| Exploration costs recognized in the statement of income                         |              |              |              |              |
| Geological and geophysical expenses                                             |         -503 |         -288 |         -229 |          -95 |
| Exploration expenditures written off (includes dry wells and signature bonuses) |         -226 |         -414 |          -17 |         -309 |
| Contractual penalties on local content requirements                             |           -4 |           -5 |            1 |           -1 |
| Other exploration expenses                                                      |          -13 |           -8 |           -3 |           -1 |
| Total expenses                                                                  |         -746 |         -715 |         -248 |         -406 |
| Cash used in:                                                                   |              |              |              |              |
| Operating activities                                                            |          516 |          296 |          232 |           96 |
| Investment activities                                                           |          734 |          445 |          231 |          174 |
| Total cash used                                                                 |        1,250 |          741 |          463 |          270 |

| 37 |

| NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTSPETROBRAS(Expressed in millions of US Dollars, unless otherwise indicated) |

| 20.1. |     | Collateral for crude oil exploration 
 concession agreements                |

The Company has granted collateral to ANP in connection
with the performance of the Minimum Exploration Programs established in the concession agreements for petroleum exploration areas in the
total amount of US$ 1,493 (US$ 1,250 as of December 31, 2024), which is still in force as of September 30, 2025, net of commitments
undertaken. As of September 30, 2025, the collateral comprises future crude oil production capacity from Marlim and Buzios producing fields,
already in production, pledged as collateral, in the amount of US$ 1,442 (US$ 1,239 as of December 31, 2024) and bank guarantees
of US$