Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 88

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 88
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                          | 1,512 |  1,876 |
| Additions                                                                                                |   338 |    505 |
| Write-offs                                                                                               |   -27 |     -8 |
| Transfers                                                                                                |    -3 | -1,000 |
| Translation adjustment                                                                                   |  -345 |    139 |
| Closing Balance                                                                                          | 1,475 |  1,512 |
| Intangible assets                                                                                        |       |        |
| Opening Balance                                                                                          | 2,313 |  2,406 |
| Additions                                                                                                |    20 |    147 |
| Write-offs                                                                                               |   -19 |    -41 |
| Transfers                                                                                                |     − |    -16 |
| Losses on exploration expenditures written off                                                           |  -224 |   -364 |
| Translation adjustment                                                                                   |  -481 |    181 |
| Closing Balance                                                                                          | 1,609 |  2,313 |
| Capitalized Exploratory Well Costs / Capitalized Acquisition Costs                                       | 3,084 |  3,825 |
| (1) Amounts capitalized and subsequently expensed in the same period have been excluded from this table. |       |        |

The additions occurred in Intangible assets during
2024 mainly referred to due to the signing of agreement of the 29 blocks in the Pelotas Basin acquired in the 4th Permanent Concession
Offering Cycle.

The recognition of losses in Intangible assets
(US$ 224), in 2024, was due to the economic unfeasibility of the exploratory blocks C-M-657 and C-M-709, located in the Campos Basin,
given that the Company decided not to complete the development of these projects (see note 25).

In 2023, the recognition of losses in Intangible
Assets (US$ 364) was due to the economic unfeasibility of the projects in blocks C-M-210, C-M-277, C-M-344, C-M-346, C-M-411 and C-M-413,
which were in the production development phase. In October 2023, the Company’s Management approved the voluntary full return of
these blocks to the ANP, in addition to the return of Dois Irmãos block (US$ 37) and Três Marias block (US$ 6).
All blocks are located in the pre-salt layer of the Campos basin and the corresponding assets were written-off