Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 62

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 62
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 Leste (Non-Contracted Area), which belongs to the Brazilian federal government, represented
                                              by PPSA.                                         
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                                                       Tupi’s                                                       
AIP does not cover the so-called Iracema reservoir, which remains with the same interests of the BM-S-11 consortium.
                                                        The                                                         
                interests of each contract in Tupi’s Shared Reservoir (AIP of Tupi) are as follows:                 
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Annual Report and Form 20-F 2024 |

            Contract                                Interest                  
                                  (%) of each Contract in the Shared Reservoir
------------------------------------------------------------------------------
Tupi                                                                     92.09
(Concession Contract / BM-S-11)                                               
Sul                                                                       7.36
de Tupi (Transfer of Rights)                                                  
Tupi                                                                      0.55
Leste (Non-Contracted Area)                                                   
 
The interest of each party in Tupi’s Shared Reservoir (AIP of Tupi) are as follows:
 
 Partner                      Interest                
             (%) of each party in the Shared Reservoir
------------------------------------------------------
Petrobras                                        67.22
(operator)                                            
Shell                                            23.02
Galp                                              9.21
PPSA(1)                                           0.55

(1)                        Party                     
      of Tupi Leste (Non-contracted area) with 0.55%.
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MERO
 The AIP of the Mero accumulation, located in the Santos basin, was approved by ANP in December 2021 and has been in effect since January 2022.
 The Mero Shared Reservoir comprises:
 
–                                                 Mero                                             
       (Production Sharing Contract/Libra): operated by us with 40% interest in partnership with   
    Shell (20% interest), TotalEnergies (20% interest), CNODC (10% interest), CNOOC (10% interest);
                                                  and                                              
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–                                                   Sul                                                
    de Mero and Norte de Mero (non-contracted areas), which belong to the Brazilian federal government,
                                            represented by PPSA.                                       
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 The interest of each contract in the Mero Shared Reservoir (AIP of Mero) are as follows:
 
                    Contract                                        Interest                  
                                                  (%) of each Contract in the Shared Reservoir
----------------------------------------------------------------------------------------------
Mero                                                                                     96.50
(Production Sharing Contract / Libra)                                                         
Sul                                                                                       3.50
de M