Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003845
Chunk: 41

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 41
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                          |   9,020 |       10,066 |
| Capitalized Exploratory Well Costs / Capitalized Acquisition Costs                                       |  21,269 |       18,624 |
| (1) Amounts capitalized and subsequently expensed in the same period have been excluded from this table. |         |              |

The additions from January to September 2025 mainly
refer to the drilling of pre-salt layer, associated with the Aram exploration fields in the Santos Basin, and Norte de Brava, in the Campos
Basin.

In the nine-month period ended September 30, 2025
and 2024, losses on exploration expenditures written resulted from economic unfeasibility of blocks, located in the Campos basin, as described
in note 19.

Exploration costs recognized in the statement of
income and cash used in oil and gas exploration and evaluation activities are set out in the following table:

|                                                                                 |         |         |         | Consolidated |
|                                                                                 |         |    2025 |         |         2024 |
|                                                                                 | Jul-Sep | Jan-Sep | Jul-Sep |      Jan-Sep |
| Exploration costs recognized in the statement of income                         |         |         |         |              |
| Geological and geophysical expenses                                             |  -1,249 |  -2,815 |    -529 |       -1,514 |
| Exploration expenditures written off (includes dry wells and signature bonuses) |     -91 |  -1,294 |  -1,711 |       -2,253 |
| Contractual penalties on local content requirements                             |       8 |     -25 |      -6 |          -30 |
| Other exploration expenses                                                      |     -11 |     -70 |      -3 |          -35 |
| Total expenses                                                                  |  -1,343 |  -4,204 |  -2,249 |       -3,832 |
| Cash used in:                                                                   |         |         |         |              |
| Operating activities                                                            |   1,260 |   2,885 |     532 |        1,549 |
| Investment activities                                                           |   1,259 |   4,152 |     966 |        2,346 |
| Total cash used                                                                 |   2,519 |   7,037 |   1,498 |        3,895 |

20.1 Collateral for crude oil
exploration concession agreements

The Company