Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 122

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 122
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 in the post-salt layer of the Santos
basin.

On December 21, 2024, due to the non-completion of the acquisition
of the FPSO Cidade de Santos by Enauta, Petrobras notified Brava Energia S.A. (Enauta's parent company) of its decision to terminate the
agreement, since the closing of the transaction was subject, among other factors, to the completion of the FPSO acquisition, as provided
for in the contract.

The closing of the transaction was conditioned, among other
factors, to the completion of the acquisition of the FPSO. The amount of R$ 15 (US$ 3 million) was received in advance on the signing
date and was retained by Petrobras, as also provided for in the contract, and recognized as other income and expenses, net.

Petrobras maintains its 100% interest on the Uruguá
and Tambaú fields and is assessing the alternatives for the management of these assets, which were classified as property, plant
and equipment on December 31, 2024.

Accounting Policy for assets and liabilities held for sale

Non-current assets, disposal groups and liabilities directly
associated with those assets are classified as held for sale if their carrying amounts will be recovered mainly through a sale transaction.

The condition for classification as held for sale is met only
when the sale is approved by the Company’s Board of Directors and the asset or disposal group is available for immediate sale in
its present condition and there is the expectation that the sale will occur within 12 months after its classification as held for sale.
However, an extended period required to complete a sale does not preclude an asset (or disposal group) from being classified as held for
sale if the delay is caused by events or circumstances beyond the Company’s control and there is sufficient evidence that the Company
remains committed to its plan to sell the assets (or disposal groups).

Assets (or disposal groups) classified as held for sale and
the associated liabilities are measured at the lower of their carrying amount and fair value less disposal expenses.

In the classification of non-current assets as held for sale,
provisions for decommissioning costs related to these assets are also disclosed. Any commitments with decommissioning assumed by the Company
resulting from the sale process are recognized after the closing of the transaction, in accordance with the contractual terms.

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| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions