Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 139

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 139
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, LLC (MPGoM), in which Murphy Exploration & Production
Company ("Murphy" ) has 80% stake and Petrobras America Inc ("PAI") 20% stake in United States of America, North America.
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.

i) 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 appraisal 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          |   2,924 |     160 |      − |    160 |                 3,084 |         − |
| Proved oil and gas properties            |  75,088 |     284 |      − |    284 |                75,372 |       651 |
| Support Equipment                        |  95,073 |     726 |      1 |    727 |                95,800 |         − |
| Gross Capitalized costs                  | 173,085 |   1,170 |      1 |  1,171 |               174,256 |       651 |
| Depreciation, depletion and amortization | -57,940 |    -815 |     -1 |   -816 |               -58,756 |      -330 |
| Net capitalized costs                    | 115,145 |     355 |      − |    355 |               115,500 |       321 |
| December 31