Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 115

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 115
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 | Shell - 25%           
 TotalEnergies - 22.5% |                                           47 | Production sharing |
| Berbigão        | Santos basin pre-salt | 42.5%               | Shell - 25%           
 TotalEnergies - 22.5% 
 Petrogal - 10%        |                                           31 | Concession         |
| Sururu          | Santos basin pre-salt | 42.5%               | Shell - 25%           
 TotalEnergies - 22.5% 
 Petrogal - 10%        |                                           29 | Concession         |
| Tartaruga Verde | Campos basin          | 50.0%               | Petronas - 50%        |                                           26 | Concession         |
| Sépia           | Santos basin pre-salt | 30%                 | TotalEnergies - 28%   
 Petronas - 21%        
 Qatar - 21%           |                                           19 | Production sharing |
| Total           |                       |                     |                       |                                        1,617 |                    |

Accounting policy for joint operations

The E&P consortia are classified as joint operations,
where the assets, liabilities, revenues and expenses relating to these consortia are accounted for in the financial statements individually,
observing the applicable specific accounting policies and reflecting the portion of the contractual rights and obligations that the Company
has.

| 27.1. | Unitization Agreements |

Petrobras has Production Individualization Agreements
(AIP) signed in Brazil with partner companies in E&P consortia. These agreements result in reimbursements payable to (or receivable
from) partners regarding expenses and production volumes mainly related to Agulhinha, Albacora Leste, Berbigão, Budião Noroeste,
Budião Sudeste, Caratinga and Sururu.

Provision for equalizations (1)

The table below presents changes in the reimbursements
payable relating to the execution of the AIP submitted to the approval of the ANP:

|                                           |       | Consolidated and Parent Company |
|                                           |  2024 |                            2023 |
| Opening balance                           | 2,238 |                           2,122 |
| Additions/(Write-offs) on PP&E            | 1,265 |                              80 |
| Translation adjustments                   |     − |                               2 |
| Payments made                             |    -6 |                            -277 |