Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 110

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 110
---
 our total production by the end of the five-year period.
 To meet the challenges of replenishing reserves, we have increased investments in exploration activities, totaling a CAPEX of US$7.9 billion in the five-year period (5% higher than the previous plan).
 At the same time, the Business Plan 2025-29 also includes projects to increase the availability of gas and a closer look at mature assets, with the aim of assessing the possibilities for extending the productive life of the assets and their production systems and, in the last instance, starting decommissioning activities, with the best sustainability practices in the disposal of assets at the end of their life cycle. The sustainable disposal of equipment and the abandonment of wells is expected to require expenditure of US$9.9 billion over the next five years.
 
Refining, Transportation & Marketing (RT&M)
 The Business Plan 2025-29 allocates US$19.6 billion in total investments in the RT&M segment, representing an increase of 17% compared to the previous plan.
 The investments in refining are mainly aimed at increase the capacity of our fleet, expanding the supply of high-quality products, such as S10 Diesel and lubricants, and low-carbon fuels. These investments also seek to improve the efficiency of the units by advancing in the decarbonization of operations and increasing operational availability.
 With the projects in the plan’s RT&M portfolio, distillation capacity is expected to increase from 1,813,000 bbl/d to 2,105,000 bbl/d, with emphasis on the RNEST projects, which include the revamp (expansion) of Train 1 and the completion of Train 2.
  
Annual Report and Form 20-F 2024 |

We expect to increase our S10 Diesel production capacity by 290,000 bbl/d in our refining system considering the projects in the Portfolio under Implementation, and we expect to have our first unit capable of producing lubricants Group II with a capacity to produce 12,000 bbl/d by 2029. In addition, with projects in the Portfolio under Evaluation, there is the potential to add 70,000 bbl/d of Diesel S10 production capacity beyond 2029.
 For more information on Lubricants Group II, see “Refining, Transportation & Marketing – Refining” in this annual report.
 Under the BioRefining program, we plan to offer low-carbon products, with lower greenhouse gas (GHG) emissions, seeking to act as a