Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 166

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 166
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 America Inc ("PAI") a 20% stake. The Company reports
its reserves in Brazil, United States of America and Argentina. Volumes in Bolivia are not registered as the Constitution of this country
does not allow. In Colombia, our activities are exploratory, and therefore, there are no associated reserves.

a) Capitalized costs relating to oil and
gas producing activities

As set out in note 26, the Company uses the successful efforts
method of accounting for exploration and development costs of crude oil and natural gas production. In addition, notes 23 and 24 presents
the accounting policies applied by the Company for recognition, measurement and disclosure of property, plant and equipment and intangible
assets.

The following table summarizes capitalized costs for oil and
gas exploration and production activities with the related accumulated depreciation, depletion and amortization, and asset retirement
obligations:

|                                          |           |         |        |        | Consolidated entities |           |
|                                          |    Brazil |         |        | Abroad |                 Total |    Equity 
    Method 
 Investees |
|                                          |           |   South 
 America | Others |  Total |                       |           |
| December 31, 2024                        |           |         |        |        |                       |           |
| Unproved oil and gas properties          |    18,105 |     993 |      − |    993 |                19,098 |         − |
| Proved oil and gas properties            |   464,968 |   1,756 |      − |  1,756 |               466,724 |     4,030 |
| Support Equipment                        |   588,719 |   4,496 |      5 |  4,501 |               593,220 |         − |
| Gross Capitalized costs                  | 1,071,792 |   7,245 |      5 |  7,250 |             1,079,042 |     4,030 |
| Depreciation, depletion and amortization |  -358,782 |  -5,049 |     -5 | -5,054 |              -363,836 |    -2,043 |
| Net capitalized costs                    |   713,010 |   2,196 |      − |  2,196 |               715,206 |     1,987 |
| December 31, 2023                        |