Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 10

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 10
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 the reservoirs, as well as changes in prices and costs used in the
estimates. Revisions may also result from significant changes in the Company’s strategy for development projects or in the production
capacity.

Although the Company is reasonably certain that
proved reserves will be produced, the timing and amount recovered can be affected by a sort of factors including completion of development
projects, reservoir performance, regulatory aspects and significant changes in long-term oil and gas price levels.

| 4.2.2. | Identifying cash-generating units 
 for impairment testing            |

A cash-generating unit (CGU) represents the smaller
identifiable group of assets that generate cash inflows, which are largely independent of the cash inflows of other assets or groups of
assets. Identifying CGUs requires management assumptions and judgment, based on the Company’s business and management model. The
level of asset disaggregation in CGUs can reach the limit of assets being tested individually.

Changes in CGUs resulting from the review of investment,
strategic or operational factors, may result in changes in the interdependencies of assets and, consequently, alter the aggregation or
breakdown of assets that were part of certain CGUs, which may influence their ability to generate cash and cause additional losses or
reversals in the recovery of such assets. If the approval for the sale of a CGU’s component occurs between the reporting date and
the date of the issuance of the consolidated financial statements, the Company reassesses whether the value in use of this component,
estimated with the information existing at the reporting date, reasonably represents its fair value, net of sales expenses. Such information
must include evidence of the stage at which management was committed to the sale of the CGU’s component.

The primary considerations in identifying the CGUs
are set out as follows:

| a) | Exploration and Production CGUs: |

| ii) | Equipment not related to crude oil and natural gas                                                                                    
 producing properties: comprise assets that ceased to operate, such as platforms, drilling rigs and other assets which are not part of 
 any CGU and are assessed for impairment separately.                                                                                   |

| b) | Refining, transportation and marketing CGUs: |

i) CGU Set of refining and logistics assets: comprises
refineries, terminals and pipelines, as well as logistics assets operated by Transpetro. The combined and centralized operation of such
assets aims at serving the market at the lowest overall costs and preserving the strategic value of the whole set of assets in