Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 16

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 16
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 income in 3Q25 was US$ 7.8 billion, 31.0% higher than 2Q25. In addition to higher revenues, the increase
was mainly driven by the lower expenses, resulting from the provision for the equalization of costs and volumes of the Jubarte Production
Individualization Agreement, which occurred in 2Q25, Performance Report 3Q25 I 18 RESULTS BY SEGMENT Lifting costs excluding government
take and leases, were US$ 6.30/boe, a 5.6% increase compared to 2Q25 (US$ 5.96/boe). This increase reflects higher costs per barrel -
in the pre-salt and the higher share of deepwater fields in total production, with higher costs. In pre-salt there was an 11.1% increase
in lifting costs due to higher integrity expenses, including increased well intervention activities in Tupi field, an increase in subsea
inspections in Búzios, Tupi, and Sapinhoá fields, and higher expenses with platforms maintenance, mainly in Búzios,
Atapu, and Tupi fields. Additionally, there was an increase resulting from the 4% appreciation of the BRL against the USD. Despite the
cost increase, higher operational efficiency and higher production offset part of the impacts, and noteworthy were the ramp-ups of the
FPSOs Maria Quitéria (Jubarte) and Alexandre de Gusmão, the continuation of peak production of Duque de Caxias (Mero) and
Almirante Tamandaré (Búzios), which reached design capacity, as well as the start-up of six new wells, four in Santos Basin
and two in Campos Basin. In the post-salt, lifting costs decreased by 5.4%, influenced by the production effect, due to lower maintenances
losses, the ramp-up of FPSOs Anna Nery and Anita Garibaldi, and the start-up of five new wells in Campos Basin, despite the natural decline
of the fields. This performance was partially offset by increased expenses with platforms maintenance expenses, especially in Marlim Sul,
Jubarte, and Roncador fields, additional subsea inspections, particularly in Roncador and Marlim Sul fields, and the appreciation of the
BRL against the USD. In onshore and shallow waters, lifting costs decreased by 1.6%, This reduction was driven by the gradual return