Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 4

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 4
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 28, 20231-030, Rio de Janeiro, RJ, Brazil                    
                                                                 Telephone                                                                  
                                                         number: (55 21) 3224 2401                                                          
                                                                 Corporate                                                                  
                              and investor relations websites: www.petrobras.com and www.petrobras.com.br/ir.                               
                                                                 Corporate                                                                  
     purpose established in our Bylaws: research, extraction, refining, processing, trading and the transport of oil, its by-products,      
  natural gas and other fluid hydrocarbons from wells, shale and other rocks, in addition to energy-related activities, and the research,   
development, production, transport, distribution, sale and trading of all forms of energy, and other related activities or similar purposes.
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Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}">Overview

 
We have a large base of Proved Reserves and operate and produce most of Brazil’s oil and gas. The most significant part of our Proved Reserves is located in the adjacent offshore Campos and Santos basins in southeast Brazil. Their proximity allows us to optimize our infrastructure and our costs of exploration, development and production. The Campos and Santos basins are expected to remain an important source of Proved Reserves and oil and gas production.
 Our business, however, goes beyond oil and gas exploration and production. It entails a long process through which we get the oil and gas to our refineries and gas treatment units, which are themselves in constant evolution to supply the best products.
 We operate the majority of the refining capacity in Brazil. Our refining capacity is distributed throughout the southeast, south and northeast regions of Brazil, reaching the largest market share in these and other regions of the country through direct deliveries, pipelines and also cabotage. We mostly meet our demand for oil products by domestic refining of crude oil, as defined in a periodic process of integrated operational planning which constantly seeks to maximize value for the company. We are also involved in the production of petrochemicals and biofuels through interests in some companies. We distribute oil products through wholesalers, retailers and direct sales.
 We also participate in the Brazilian natural gas market, including the logistics and processing of natural gas.
 To meet our clients’ and our own internal demand, we process natural gas derived from our onshore and offshore production (mainly from fields of the Campos, Espírito Santo and Santos basins), import natural gas from Bolivia and import LNG through our regasification terminals