Company: PBR
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001292814-25-004085
Chunk: 12

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-28
Form: 6-K
Chunk 12
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 Brent prices scenarios
41 Notes: Breakeven Brent: Brent level that generates zero NPV. It only considers E&P projects and does not consider the cost of capital
of past investments. From BP 26-30, long-term Brent level in our robust scenario was updated to USD 50/bbl. BRENT DE EQUILÍBRIO1
US$22/bbl ~60% of CAPEX US$50/bbl ~92% of CAPEX US$25/bbl average ofportfolio BP 2025-29Implementation We will continue with significant
investments in E&P 42 48 62% 17 23% 8 10% 4 5% 76.4 US$ billion BP 2026-30Implementation Target 43 62% 16 24% 7 10% 3 4% 69.2 US$
billion Pre-salt Post-salt Exploration Others -4.3 Postponements and optimizations in projects -8.4 Pre-FIDs under evaluation +5.5 Improvement
in the execution of projects 42 US$ bn Note: Projections subject to variation of +/-5%. We have different maturity levels for the projects
in the portfolio 43 13 14 22 17 42 38 76.4 69.2 BP 2025-29 BP 2026-30 CAPEX UNDER IMPLEMENTATION E&P US$ billion CATEGORY DEFINITION
SANCTIONED Capex with expenditures approved in governance UNSANCTIONED Capex awaiting approval by Governance. They may or may not have
undergone financing1analysis CURRENT Maintenance and integrity recovery projects for existing assets 43 1Unsanctioned projects in the
Implementation Portfolio will still have their financial feasibility assessed, a process carried out quarterly in light of cash flow projections
and capital structure. 2025 was an unprecedented year for our production 44 1stoil FPSO Alm. Tamandaré(Buzios) Anchoring in 10
days FPSO Alex. de Gusmão (Mero) Peak production FPSO Mal. Duque de Caxias (Mero, 180 Mbpd) 1stOilFPSO Alex. de Gusmão (Mero,
180 Mbpd) Peak production FPSO Alm. Tamandaré(Buzios, 225 Mbpd) FPSO Mal. Duque de Caxias (Mero) 200 Mbpd