Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 42

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 42
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$50 million up to US$500 million, depending on the type of vessel. For activities in Brazil, in the event of an explosion or similar event on one of our non-fixed offshore platforms, these policies may provide third-party combined liability coverage of up to US$750 million. In addition, although we do not insure most of our pipelines against property damage, we have insurance against damages or losses to third parties arising from specific incidents, such as unexpected infiltration and oil pollution.
 Furthermore, we receive surveys from the insurance market that evaluate the operational risks of our facilities and provide recommendations. Currently, we directly hire a consultancy company to conduct this inspection program, and these surveys are shared with the insurance market.
 In general, the risk ratings of our assets are at or above the market average. In 2024, we had surveys in 19 onshore and offshore units. Based on these surveys, last year we heeded around 125 recommendations that contribute to the improvement of safety and risk management associated with the operation of our facilities.
 Outside Brazil, we maintain different levels of third-party liability insurance, as a result of a variety of factors, including country risk assessments, whether we have onshore and offshore operations, or legal requirements imposed by a particular country in which we operate. We maintain separate well-control insurance policies in our international operations to cover liabilities arising from the uncontrolled eruption of oil, gas, water or drilling fluid. In addition, such policies cover claims of environmental damage caused by wellbore explosion and similar events as well as related clean-up costs with coverage limits of up to US$350 million and US$1 billion, depending on the country. 
  
Annual Report and Form 20-F 2024 |
Cybersecurity Framework and Risk Management
 
In today’s technologically advanced world, data has become increasingly valuable, making information security crucial for the success of any organization. Moreover, with the rise in global attacks on industrial systems, particularly critical infrastructure, it has become imperative to prevent damage to business, operations, reputation, and human lives. Over the years, we have developed a comprehensive set of processes, policies and controls to mitigate Information and cybersecurity risks, drawing on global frameworks and best practices that provide comprehensive protection for our business.

                                                                     Laws                                                                     
                                                               and Regulations                                                                
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We                                                                                                                                            
are subject to various Brazilian regulations regarding information security. Notably, Decree No. 9.637/2018 establishes the National          
Information Security Policy and Decree No. 11.856/2023 establishes the National Cyber