Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 110

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 110
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 the assessment of the uneconomic nature of exploration blocks
C-M-657 and C-M-709, located in the Campos Basin, given the conclusion that the respective projects would not be developed (as per note
25).

In 2023, losses were recognized in intangible assets
in the amount of R$ 1,796, due to the assessment of the unfeasibility of projects of Blocks C-M-210, C-M-277, C-M-344, C-M -346, C-M-411
and C-M-413, situated at the pre-salt of Campos Basin. Subsequently, the company returned these blocks in full and voluntarily to the
ANP, in addition to the returns of the Dois Irmãos (R$ 180) and Três Marias (R$ 30) blocks. All blocks are located at the
pre-salt in the Campos Basin and the corresponding assets have been written off.

The transfers occurred in Property, Plant and Equipment
in 2023 were intended for production development projects in the Raia Pintada and Raia Manta fields, related to block BM-C-33 (R$ 4,685),
and the Sépia field (R$ 223).

Exploration costs recognized in the statement of income and
cash used in oil and gas exploration and evaluation activities are set out in the following table:

|                                                                                     |        | Consolidated |
|                                                                                     |   2024 |         2023 |
| Exploration costs recognized in the statement of income                             |        |              |
| Geological and geophysical expenses                                                 | -2,235 |       -2,826 |
| Exploration expenditures written off (includes dry wells and signature bonuses) (1) | -2,654 |       -2,087 |
| Contractual penalties on local content requirements                                 |    -38 |           62 |
| Other exploration expenses                                                          |    -70 |          -41 |
| Total expenses                                                                      | -4,997 |       -4,892 |
| Cash used in:                                                                       |        |              |
| Operating activities                                                                |  2,305 |        2,867 |
| Investment activities                                                               |  3,148 |        3,321 |
| Total cash used                                                                     |  5,453 |        6,188 |

(1) Includes valuesrelating to the assessment of the non-economic viability of exploration blocks (note 25).

In 2023 and 202