Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 76

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 76
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 an item of property, plant and equipment, and are depreciated
over the useful life of the item of property, plant and equipment to which they relate.

Borrowing costs directly attributable to the acquisition
or construction of qualifying assets are capitalized as part of the costs of these assets.

General borrowing costs are capitalized based on
the Company’s weighted average cost of borrowings outstanding applied over the balance of assets under construction.

In general, the Company suspends capitalization
of borrowing to the extent investments in a qualifying asset hibernates during a period greater than one year or whenever the asset is
prepared for its intended use.

Assets directly associated to the production of
oil and gas in a contracted area whose useful lives are not less than the life of the field (reserve exhaustion time), including rights
and concessions such as signature bonus, are depleted by the unit-of-production method.

The unit-of-production method of depreciation (amortization)
is computed based on the monthly production volume over the proved developed oil and gas reserves, except for signature bonuses for which
unit of production method takes into account the monthly production over the total proved oil and gas reserves on a field-by-field basis.

Assets related to oil and gas production with useful
lives shorter than the life of the field; floating platforms and other assets unrelated to oil and gas production are depreciated on a
straight-line basis over their useful lives, which are reviewed annually. Note 23.2 provides further information on the estimated useful
life by class of assets. Lands are not depreciated.

Right-of-use assets are presented as property,
plant and equipment and, according to the useful lives of their respective underlying assets and the characteristics of lease agreements
(term, asset transfer or exercise of call option), are depreciated using the straight-line method based on contractual terms.

| 23.4. | Oil and Gas fields operated by 
 Petrobras returned to ANP      |

In 2024, the Cachalote oil and gas field, in Campos
basin, was returned to ANP. The Company wrote this field off due to impairments recognized.

In 2023, the following oil and gas fields, in Campos
basin, were returned to ANP: Atum, Curimã, Espada and Xaréu. Thus, the Company wrote off the amount of US$ 45.

In 2022, the following oil and gas fields, in Ceará
basin, were returned to ANP: Anequim