Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002976
Chunk: 27

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 27
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 the pre-salt layer, associated with the exploratory fields of Aram, in the Santos Basin,
and Norte de Brava, in the Campos Basin.

In the six-month period ended June 30, 2025, losses
on exploration expenditures written resulted from economic unfeasibility of blocks C-M-753 and C-M-789, located in the Campos basin, as
described in note 19.

Exploration costs recognized in the statement of
income and cash used in oil and gas exploration and evaluation activities are set out in the following table:

| 36 |

|                                                                                 | Jan-Jun/2025 | Jan-Jun/2024 | Apr-Jun/2025 | Apr-Jun/2024 |
| Exploration costs recognized in the statement of income                         |              |              |              |              |
| Geological and geophysical expenses                                             |         -274 |         -193 |         -183 |         -111 |
| Exploration expenditures written off (includes dry wells and signature bonuses) |         -209 |         -105 |            - |          -55 |
| Contractual penalties on local content requirements                             |           -5 |           -4 |            - |           -2 |
| Other exploration expenses                                                      |          -10 |           -7 |           -2 |           -5 |
| Total expenses                                                                  |         -498 |         -309 |         -185 |         -173 |
| Cash used in:                                                                   |              |              |              |              |
| Operating activities                                                            |          284 |          200 |          185 |          116 |
| Investment activities                                                           |          503 |          271 |          262 |          144 |
| Total cash used                                                                 |          787 |          471 |          447 |          260 |

| 20.1. | Collateral for crude oil exploration 
 concession agreements                |

The Company has granted collateral to ANP in connection
with the performance of the Minimum Exploration Programs established in the concession agreements for petroleum exploration areas in the
total amount of US$ 1,445 (US$ 1,250 as of December 31, 2024), which is still in force as of June 30, 2025, net of commitments undertaken.
As of June 30, 2025, the collateral comprises future crude oil production capacity from Marlim and Buzios producing fields, already in
production, pledged as collateral, in the amount of US$ 1,406 (US$ 1,