Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 116

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 116
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 their fast implementation and measuring results with innovation indicators that evaluate the success rate of investments in RD&I.
 

      Mandatory       
investment in RD&amp;I
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Our Bylaws require that at least 0.5% of the paid-in share capital is reserved for research and development expenses. In addition, the obligation to invest in RD&I is also provisioned in contracts for the exploration, development and production of oil and/or natural gas signed between the ANP and oil companies, based on the Petroleum Law (Law No. 9,478/1997) and in the Pre-salt regulatory framework (Law No. 12,351/2010). The amount of this mandatory investment is determined in accordance with the contract of each existing legal-regulatory regime. However, investments in the development and implementation of innovative technologies are not limited to fulfilling this obligation to invest in RD&I. 
 For concession contracts, whose production volume involves the payment of a special participation, the percentage of RD&I mandatory investment is linked to the Gross Revenue of the fields (1%). In production sharing contracts, the percentage is also levied on the total Gross Revenue (1%). For the Transfer of Rights contract, the percentage is 0.5% of the value of Gross Revenue from any given annual production.
 

Annual Report and Form 20-F 2024 |

In 2024, we expensed US$789 million in research and development. We are one of the companies, among the major oil and gas companies, that has invested the most in RD&I over the last few years, according to Evaluate Energy. We invested US$102 million in RD&I projects related to decarbonization and new energies solutions. Our patents portfolio covers all our areas of activities. Currently, we have 1,562 patent applications under review (698 in Brazil and 864 abroad), and 1,270 patent granted (686 in Brazil and 584 abroad), within 48 countries. In 2024, we filed 352 patents: 174 abroad and 178 in Brazil, surpassing, for the fourth consecutive year, our record for filings in a single year. As we pursue valuable results in research and development, we are exploring new ways to innovate through disruptive technologies, digital transformation, and start-up engagement.
 

 Connections  
for Innovation
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Connections for Innovation is our open innovation program, designed to accelerate technological development and add value to our company. The main objective of the program is to find the best partners to