Company: PBR
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001292814-25-004085
Chunk: 15

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-28
Form: 6-K
Chunk 15
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6.0 2024 Outlook2025 Average 2026-30 LIFTING COSTS US$/boe EXPENSES NOT RELATED TO PRODUCTION US$ billion OPTIMIZATION INITIATIVES
50 In recent years, we have achieved outstanding results on reserves replacement while maintaining low costs 0 10 20 30 40 50 20 40 60
80 100 120 140 160 180 200 Finding and development costs (Average 5 years, USD/boe) Organic Reserve Replacement Index (average 5 years,
%) MAJORS INTEGRATED EUROPEAN NOCs PETROBRAS RESILIENT assets and STRONG reserves replenishment 50 Source: S&P Global Energy, ©2025
by S&P Global Inc. 51 The increase in long-term production outlook is the result of our strategic program to incorporate reserves
51 Continuous effort to increase the recovery factor of already discovered assets • Management and optimization of reservoir potential
• Tapping new opportunities (eg: complementary wells) • Higher operational efficiency due to improved asset integrity 2026 2030
2050 MM boed Replenishment challenges Operating assets + Projects BP 2025-29 BP 2026-30 2034 Maintaining peak production for longer Note:
Production curves include entire scope of projects portfolio. 52 Exploration for new discoveries to replace reserves 52 BOLÍVIA
15 Equatorial Margin (37.5%) 14 South and Southeast margins (35%) 11 others (27.5%) 40 new wells between 2026-2030: 2.5 2.4 2.2 7.1 EXPLORATION
INVESTMENT US$ billion ONSHORE BASINS OFFSHORE BASINS CAMPOS ESPÍRITO SANTO POTIGUAR SANTOS BARREIRINHAS PARÁ-MARANHÃO
AMAPÁ DEEP WATER SÃO TOMÉ E PRÍNCIPE PELOTAS COLÔMBIA ARGENTINA ÁFRICA DO SUL BACIAS TERRESTRES
53 We already started drilling Morpho and will move on to drilling Mãede Ouro Amapá Deep Waters BLOCKFZA-M-59WI PB 100%
We planto drill15 wells in the Equatorial Margin BLOCK POT-M-762 WI PB100% Potiguar MORPHO: DRILLING ONGOING This is the first of a commitment