Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 145

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 145
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, considering the variations above and the reduction from 2022 production of 860 million boe. Production refers
to volumes that were previously included in our reserves and, therefore, does not consider natural gas liquids, since the reserve is estimated
at a reference point prior to gas processing, except in the United States and Argentina. The production also does not consider volumes
of injected gas, the production of Extended Well Tests in exploratory blocks and production in Bolivia, since the Bolivian Constitution
does not allow the registration of reserves by the Company.

| 118 |

| INDEX |

The tables below present the volumes of proved
developed and undeveloped reserves, net, that is, reflecting Petrobras' participation:

|                                                                                                                                                                                                                                                                                                   |           |             |              2024 |
|                                                                                                                                                                                                                                                                                                   | Crude Oil | Natural Gas | Total oil and gas |
|                                                                                                                                                                                                                                                                                                   |    -mmbbl |       -bncf |            -mmboe |
| Net proved developed reserves (*):                                                                                                                                                                                                                                                                |           |             |                   |
| Consolidated Entities                                                                                                                                                                                                                                                                             |           |             |                   |
| Brazil                                                                                                                                                                                                                                                                                            |     4,884 |       5,387 |             5,843 |
| South America, outside Brazil (1)                                                                                                                                                                                                                                                                 |         1 |          80 |                15 |
| Total Consolidated Entities                                                                                                                                                                                                                                                                       |     4,885 |       5,467 |             5,858 |
| Equity Method Investees                                                                                                                                                                                                                                                                           |           |             |                   |
| North  America (1)                                                                                                                                                                                                                                                                                |        13 |           2 |                14 |
| Total Equity Method Investees                                                                                                                                                                                                                                                                     |        13 |           2 |                14 |
| Total developed Consolidated and Equity Method Investees                                                                                                                                                                                                                                          |     4,898 |       5,469 |             5,872 |
| Net proved undeveloped reserves (*):                                                                                                                                                                                                                                                              |           |             |                   |
| Consolidated Entities                                                                                                                                                                                                                                                                             |           |             |                   |
| Brazil                                                                                                                                                                                                                                                                                            |     4,750 |       4,194 |             5,497 |
| South America, outside Brazil (1)                                                                                                                                                                                                                                                                 |         1 |          89 |                17 |
| Total Consolidated Entities                                                                                                                                                                                                                                                                       |     4,751 |       4,283 |             5,514 |
| Equity Method Investees