Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 217

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 217
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 rate
 Due to the legislative change (Law 14.905/24) and case law regarding the correction of labor debts, the company is assessing the impacts on the reported liability.
 
Unification of Fields
 We filed five arbitrations under the ICC administration challenging the ANP’s decision to unify our unconnected oil fields (Parque das Baleias, Tupi and Cernambi; Baúna and Piracaba; Tartaruga Verde and Tartaruga Mestiça; Sururu and Berbigão). The Parque das Baleias arbitration was terminated by means of an agreement executed by the parties.
 In the case of the Tartaruga Mestiça and Tartaruga Verde arbitration, the arbitral tribunal recognized its competence to decide on the unification of such fields. The ANP filed a lawsuit in order to annul the arbitral award, and, the Federal Court of Rio de Janeiro has allowed the arbitration to continue.
 In relation to the Baúna and Piracaba arbitration, the judicial injunction that has kept it suspended was reversed.
 In addition, the BM-S-11 consortium, formed with Shell and Petrogal, of which we are the operator, challenged the ANP’s decision on unifying Tupi and Cernambi fields. The suspension of the arbitration was reverted by BM-S-11 Consortium in Brazilian Superior Court.
 The Baúna and Piracaba and Tupi and Cernambi arbitration proceedings are ongoing and the Sururu and Berbigão arbitration was recently filled.
 
Petros
 Since 2013, lawsuits classified as “Petros Class Actions” were filed by unions and associations related to Petros, whereby we are being sued to contribute directly to the pension plan scheme, suspension of the balancing plan (plano de equacionamento), payment of increased benefits to participants and beneficiaries, payment of all actuarial and financial insufficiencies of the plan and estimated economic value of the participants in solving the entity's accumulated deficits based on allegation of fraud and mismanagement of Petros.
 There are also lawsuits filed by Petros against us, requesting i) payment of contributions for a reinstated employee (which was settled by an agreement), ii) payment of employer contributions for increased judicial benefits and iii) payment of amounts to restore the mathematical reserve. We filed a lawsuit against PETROS to obtain the reimbursement of amounts paid by us as a consequence of judicial rulings according to which PETROBRAS and PETROS would have a joint and several liability and we also filed an action for accounting due