Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 93

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 93
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 - 21%        
 Qatar - 21%           |                                           19 | Production sharing |
| Total           |                       |                     |                       |                                        1,617 |                    |

Accounting policy for joint operations

The E&P consortia are classified as joint operations,
where the assets, liabilities, revenues and expenses relating to these consortia are accounted for in the financial statements individually,
observing the applicable specific accounting policies and reflecting the portion of the contractual rights and obligations that the Company
has.

| 27.1. | Unitization Agreements |

Petrobras has Production Individualization Agreements
(AIP) signed in Brazil with partner companies in E&P consortia. These agreements result in reimbursements payable to (or receivable
from) partners regarding expenses and production volumes mainly related to Agulhinha, Albacora Leste, Berbigão, Budião Noroeste,
Budião Sudeste, Caratinga and Sururu.

| 80 |

| INDEX |

Provision for equalizations (1)

The table below presents changes in the reimbursements
payable relating to the execution of the AIP submitted to the approval of the ANP:

|                                             |     | 2024 | 2023 |
| Opening balance                             |     |  462 |  407 |
| Additions to PP&E, net of write-offs        |     |  230 |   17 |
| Payments made                               |     |   -1 |  -56 |
| Other income and expenses                   |     |   16 |   62 |
| Translation adjustments                     |     | -130 |   32 |
| Closing balance (1)                         |     |  577 |  462 |
| (1) Notably Berbigão, Sururu and Agulhinha. |     |      |      |

In 2024, these agreements resulted in additions
and write-offs in PP&E, in addition to other income and expenses, reflecting the best available estimate of the assumptions used in
the calculation base and the sharing of assets in areas to be equalized.

Closed agreements in 2024

In May 2024, the Agreement on Expenditure and Volume
Equalization, provided for in the Brava Shared Reservoir AIP, was signed. The amount paid by Petrobras to Pré-sal Petróleo
S.A. (PPSA) on June 24, 2024 was US$ 1.

Accounting