Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 109

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 109
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natural gas reserves from obtaining legal rights to explore a specific area until the moment when the technical and commercial viability
of oil and gas production is demonstrated.

Changes in capitalized costs related to exploratory
wells and balances of amounts paid for obtaining rights and concessions for oil and natural gas exploration, both directly related to
exploratory activities in unproved reserves, are shown in the table below:

|                                                                                                          |        | Consolidated |
|                                                                                                          |   2024 |         2023 |
| Capitalized Exploratory Well Costs / Capitalized Acquisition Costs (1)                                   |        |              |
| Property plant and equipment                                                                             |        |              |
| Opening Balance                                                                                          |  7,321 |        9,790 |
| Additions                                                                                                |  1,816 |        2,502 |
| Write-offs                                                                                               |   -134 |          -41 |
| Transfers                                                                                                |    -16 |       -4,908 |
| Translation adjustment                                                                                   |    146 |          -22 |
| Losses on exploration expenditures written off                                                           |     -2 |            − |
| Closing Balance                                                                                          |  9,131 |        7,321 |
| Intangible assets                                                                                        |        |              |
| Opening Balance                                                                                          | 11,197 |       12,556 |
| Additions                                                                                                |    116 |          729 |
| Write-offs                                                                                               |   -109 |         -210 |
| Transfers                                                                                                |      1 |          -82 |
| Losses on exploration expenditures written off                                                           | -1,239 |       -1,796 |
| Closing Balance                                                                                          |  9,966 |       11,197 |
| Capitalized Exploratory Well Costs / Capitalized Acquisition Costs                                       | 19,097 |       18,518 |
| (1) Amounts capitalized and subsequently expensed in the same period have been excluded from this table. |        |              |

The additions to intangible assets in 2024 are
mainly related to the signing of agreements for the 29 exploration blocks in the Pelotas Basin acquired in the 4th Permanent Concession
Offer Cycle.

| 78 |

| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions of reais, unless otherwise indicated) |

The recognition of losses in Intangible Assets
(R$1,239) and Property, Plant and Equipment (R$2) in 2024 resulted from