Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 78

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 78
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 and patents and others. |                            |          |            |        |
| (2) Mainly composed of assets with indefinite useful lives, which are reviewed annually to determine whether events and circumstances continue to support an indefinite useful life assessment.                           |                            |          |            |        |
| (3) Transfer to PP&E Assets.                                                                                                                                                                                              |                            |          |            |        |

| 24.2. | ANP Bidding Result |

Blocks in the Pelotas Basin - 4th Permanent Concession Offering Cycle

On December 13, 2023, Petrobras acquired exploration
and production rights for oil and natural gas in 29 blocks in the Pelotas Basin during the 4th Permanent Concession Offering Cycle conducted
by ANP, with a signature bonus payment of US$ 20 in 2024. For more information about the contracts signed through partnerships, see
note 27.

| 24.3. | Exploration rights returned to 
 the ANP                        |

In 2024, the return of 5 exploratory blocks was
approved, resulting in the write-off of the respective assets. These blocks are: ES-M-598 and ES-M-673, located in the Espírito
Santo Basin; PAR-T-175, in the Paraná Basin, totaling US$ 19; as well as blocks C-M-657 and C-M-709, located in the Campos
Basin, as stated in explanatory note 25. In 2023, 8 exploration areas located in the pre-salt area of the Campos Basin were returned to
ANP, totaling US$ 414 (R$ 2,006 million) in exploration rights written-off.

For more information see note 26 regarding exploration
and evaluation of oil and gas reserves.

| 70 |

| INDEX |

Accounting policy for intangible assets

Intangible assets are measured at the acquisition
cost, less accumulated amortization and impairment losses.

Internally-generated intangible assets are not
capitalized and are expensed as incurred, except for development costs that meet the recognition criteria related to the completion and
use of assets, probable future economic benefits, and others.

When the technical and commercial feasibility of
oil and gas production is demonstrated for the first field in an area, the value of the signature bonus is reclassified to property, plant
and equipment at their full value. While they are registered in intangible assets, they are not amortized. Other intangible assets with
defined useful lives