Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 64

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 64
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etrobras                                      88.9891
(operator)                                            
CNOOC                                           7.3406
CNODC                                           3.6703

(1)                                 PPSA                              
      is the manager of the Production Sharing Contract of Búzios ECO.
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TARTARUGA MESTIÇA, TARTARUGA VERDE AND ESPADARTE MODULE III
 The ​concession contract BM-C-36 has two producing reservoirs: the Tartaruga Verde reservoir, which is totally contained within the ring fence limits, and the Tartaruga Mestiça reservoir, which goes beyond the ring fence limits.
 The AIP of the Tartaruga Mestiça Shared Reservoir was signed between us and PPSA and has been in effect since March 2018. We fully acquired the area of the limits of the concession BM-C-36 in September 2018 through the block named Sudoeste de Tartaruga Verde (Production Sharing Contract).
 In December 2019, we assigned to Petronas 50% of our interest of Tartaruga Verde Fields (BM-C-36) and Espadarte Module III. We also established a consortium with Petronas, pursuant to which we carry out operator activities in aforementioned operations. The Tartaruga Verde Sudoeste Field, under the Production Sharing Agreement, remained entirely with us.
 In January 2021, the ANP approved an amendment to the AIP.
  
Annual Report and Form 20-F 2024 |

The interest of each contract in the Tartaruga Mestiça Shared Reservoir:

                  Contract                                       Interest                  
                                               (%) of each Contract in the Shared Reservoir
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Tartaruga                                                                             82.19
Verde (Concession Contract / BM-C-36)                                                      
Tartaruga                                                                             17.81
Verde Sudoeste (Production Sharing Contract)                                               
 
The interest of each party in the Tartaruga Mestiça Shared Reservoir:
 
 Partner                      Interest                
   (1)       (%) of each party in the Shared Reservoir
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Petrobras                                       58.905
(operator)                                            
Petronas                                        41.095

(1)                                        PPSA                                    
      is the manager of the Production Sharing Contract of Tartaruga Verde Sudoeste
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The interest of each party in the Tartaruga Verde and Espadarte Module III reservoirs are:
 
 Partner                  Interest             
             (%) of