Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000660
Chunk: 15

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 15
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 mainly due to higher provisions related to decommissioning
of fields that are in the process of being returned.

The 2024 lifting cost, excluding
government participation and leases, was US$ 6.05/boe, representing a 8% increase compared to 2023 (US$ 5.59/boe), primarily due to higher
integrity expenses (especially on platform maintenance), subsea inspections and well interventions, associated with higher gas flow expenses
due to the startup of the Route 3 gas pipeline. These increases were offset by the devaluation of the Brazilian Real against the Dollar,
active portfolio management (including divestments), the production ramp-up of new systems that came into operation in 2023 (FPSO Almirante
Barroso, FPSO Anna Nery, and FPSO Anita Garibaldi), the startup of production from new systems in 2024 (FPSO Sepetiba, Maria Quitéria,
and Duque de Caxias), and the increase in the P-71 production capacity.

In 4Q24, we recorded a 10% increase
in lifting cost compared to 3Q24, mainly due to higher gas flow expenses associated with the startup of the Rota 3 pipeline, increased
expenses on well interventions in the Campos Basin, particularly in the Barracuda, Caratinga, Marlim Sul, and Roncador fields, and the
impact of lower production due to maintenance shutdowns in the Búzios field. These effects were partially offsets by the devaluation
of the Brazilian Real against the Dollar.

In the pre-salt, the lifting cost
increased by 6%, primarily due to the lower production in the Búzios field caused by production shutdowns, as well as higher gas
flow expenses resulting from the increased volume being transported with the startup of the Rota 3 pipeline. These effects were partially
offsets by the devaluation of the Brazilian Real against the Dollar.

In the post-salt, there was a
6% increase due to the intensification of well interventions in the Campos Basin, particularly in the Barracuda, Caratinga, Marlim Sul,
and Roncador fields, partially offset by the effect of the exchange rate depreciation.

In the onshore and shallow water
assets, there was a 14% increase due to rising costs associated with the intensification of well interventions in the Bahia onshore fields,
partially offset by the effect of the