Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 47

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 47
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 we approved the acquisition of participation in the Deep Western Orange Basin (the “DWOB”) block in the Republic of South Africa, as described below, under “Exploration & Production – Overview – International – Africa.”
 
EXPLORATION & PRODUCTION BLOCKS AND FIELDS (Number of blocks and fields)
  
Like most major oil and gas companies, we operate in partnerships using E&P consortia in the exploration of blocks and the production of oil fields in Brazil, mainly in Ultra-deepwaters.
 We lead and operate E&P consortia that are responsible for some major projects under development, such as Mero, Atapu, Búzios and Sépia.
 These E&P consortia also comprise some of the biggest production fields in Brazil, such as Búzios, Tupi, Itapu and Mero.
 For the names and interests of partners of each consortium, please refer to the section further below, “Our Business – Production – Shared reservoirs: deposits between different fields”.
 

Annual Report and Form 20-F 2024 |
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Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}">Other Basins
 We produce oil and gas and hold exploration acreage in 15 other basins in Brazil, such as Espírito Santo.
 
International
 Outside Brazil, we have E&P activities in South America, North America and Africa. We have focused on opportunities to leverage the deepwater expertise we have developed in Brazil.
SOUTH AMERICA
 We conduct exploration and production activities in Argentina, Bolivia and Colombia.
 In Argentina, through our subsidiary Petrobras Operaciones S.A., we have a 33.6% interest in the Rio Neuquén production asset. Our unconventional gas and Condensate production is concentrated in the Neuquén Basin. In 2024, our production of oil and gas in Argentina, including NGL, was 10.6 mboed.
 In addition, in September 2024, we signed a Memorandum of Understanding with YPF Sociedad Anónima, our partner in Argentina, for joint discussions to explore possible business opportunities, technical and technological cooperation in the E&P segment in that country. The agreement is non-binding and has a term of three years.
 In Bolivia, we produce gas and Condensate primarily in the San Alberto and San Antonio fields with 35% interest in each of those service