Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 141

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 141
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2 |                -1,218 |         − |
| Other operating expenses                   |   3,000 |      -1 |      -8 |     21 |     12 |                 3,012 |       -22 |
| Results before income tax expenses         |  48,449 |    -130 |      -8 |     21 |   -117 |                48,332 |       170 |
| Income tax expenses                        | -16,474 |      44 |       − |     -3 |     41 |               -16,433 |         − |
| Results of operations (excluding corporate 
 overhead and interest costs)               |  31,975 |     -86 |      -8 |     19 |    -76 |                31,899 |       170 |

| 114 |

| INDEX |

(iv) Reserve quantities information

As presented in note 4.1, proved oil and gas reserves
are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty
to be economically producible from a given date forward, from known reservoirs, and under existing economic conditions, operating methods,
and government regulations – prior to the time at which contracts providing the right to operate expire, unless evidence indicates
that renewal is reasonably certain. The project to extract the hydrocarbons must have commenced or there must be reasonable certainty
that the project will commence within a reasonable time. Reserves estimate involves a high degree of judgment and complexity and its application
affects different items of these Financial Statements.

The Company’s estimated net proved oil and
gas reserves and changes thereto for the years 2024, 2023 and 2022 are presented in the following table. Proved reserves are estimated
in accordance with the reserve definitions prescribed by the Securities and Exchange Commission.

Proved developed oil and gas reserves are proved
reserves that can be expected to be recovered: (i) through existing wells with existing equipment and operating methods or in which the
cost of the required equipment is relatively minor compared to the cost of a new well; and (ii) through installed extraction equipment
and infrastructure operational at the time of the reserves estimate if the extraction is done by means not involving a well.

Proved reserves for which substantial new investments
in additional wells and related facilities will be required are named proved undeveloped reserves.

Reserve estimates are subject to variations due
to technical uncertainties in