Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 144

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 144
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 1,092 million boe arising from
the good performance of assets, mainly in Búzios, Tupi and Atapu fields, in the Santos Basin; and

(ii) addition of 170 million boe due to new projects
and other revisions.

We did not have relevant changes related to the
variation in the oil price.

In addition, we incorporated 237 million boe from
discoveries and extensions, mainly due to the declaration of commerciality of Raia Manta and Raia Pintada fields (non-operated), in the
Campos Basin.

Moreover, proved reserves were reduced by 155 million
boe, resulting from sales.

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The Company's total proved reserve resulted in
10,921 million boe in 2023, considering the variations above and the reduction from 2023 production of 894 million boe. Production refers
to volumes that were previously included in our reserves and, therefore, does not consider natural gas liquids, since the reserve is estimated
at a reference point prior to gas processing, except in the United States and Argentina. The production also does not consider volumes
of injected gas, the production of Extended Well Tests in exploratory blocks and production in Bolivia, since the Bolivian Constitution
does not allow the registration of reserves by the Company.

In 2022, we incorporated 1,989 million boe of proved
reserves by revising previous estimates, including:

(i) addition of 1,279 million boe due to new projects,
mainly in Búzios field and in other fields in the Santos and Campos Basins; and

(ii) addition of 710 million boe arising from other
revisions, mainly due to good performance of reservoirs in the pre-salt layer of Santos Basin and to the contract term extension of Rio
Urucu and Leste do Urucu fields.

We did not have relevant changes related to the
variation in the oil price.

The addition in our proved reserves were partially
offset by the reduction of 536 million boe, due to the effects of the transfer of interests of 5% of the Surplus Volume of the Transfer
of Rights of Búzios field, of the write-offs related to the Co-Participation Agreements of Atapu and Sepia fields and of sales
of properties in mature fields.

The Company's total proved reserve resulted in
10,473 million boe in 2022