Company: PBR
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001292814-25-002051
Chunk: 24

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 24
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,533 |
| Intangible assets                                                                                        |              |              |
| Opening Balance                                                                                          |        1,609 |        2,313 |
| Losses on exploration expenditures written off                                                           |         -164 |            − |
| Translation adjustment                                                                                   |          126 |          -72 |
| Closing Balance                                                                                          |        1,571 |        2,241 |
| Capitalized Exploratory Well Costs / Capitalized Acquisition Costs                                       |        3,350 |        3,774 |
| (1) Amounts capitalized and subsequently expensed in the same period have been excluded from this table. |              |              |

Exploration costs recognized in the statement of
income and cash used in oil and gas exploration and evaluation activities are set out in the following table:

| 31 |

|                                                                                 | Jan-Mar/2025 | Jan-Mar/2024 |
| Exploration costs recognized in the statement of income                         |              |              |
| Geological and geophysical expenses                                             |          -91 |          -82 |
| Exploration expenditures written off (includes dry wells and signature bonuses) |         -209 |          -50 |
| Contractual penalties on local content requirements                             |           -5 |           -2 |
| Other exploration expenses                                                      |           -8 |           -1 |
| Total expenses                                                                  |         -313 |         -135 |
| Cash used in:                                                                   |              |              |
| Operating activities                                                            |           99 |           83 |
| Investment activities                                                           |          241 |          127 |
| Total cash used                                                                 |          340 |          210 |

| 20.1. | Collateral for crude oil exploration 
 concession agreements                |

The Company has granted collateral to ANP in connection
with the performance of the Minimum Exploration Programs established in the concession agreements for petroleum exploration areas in the
total amount of US$ 1,348 (US$ 1,250 as of December 31, 2024), which is still in force as of March 31, 2025, net of commitments undertaken.
As of March 31, 2025, the collateral comprises future crude oil production capacity from Marlim and Buzios producing fields, already in
production, pledged as collateral, in the amount of US$ 1,335 (US$ 1,239 as of December 31, 2024) and bank guarantees of US$ 13
(US$ 11 as of December 31, 202