Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000660
Chunk: 11

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 11
---
 major pre-salt projects, especially in the new production systems of the Búzios
field.

In the Exploration and Production segment,
4Q24 Capex amounted to $4.9 billion, 30% higher than in 3Q24, and were mainly concentrated on: (i) developing production in the Santos
Basin pre-salt area ($2.8 billion); (ii) developing production in the Campos Basin pre/post-salt areas ($0.9 billion); and (iii) exploratory
investments ($0.3 billion). The increase compared to the previous quarter is due to progress in the construction of new production systems
in the Búzios field, with a focus on investments associated with the arrival of equipment at platforms P-80, P-82, and P-83, and
the construction of modules for units P-78 and P-79.

| PETROBRAS | Performance Report | 4Q24 | 11 |

Capex

In the Refining, Transportation, and Marketing
segment, Capex totaled $0.5 billion in 4Q24, a growth of 19% compared to 3Q24. This increase occurred due to higher spending on scheduled
refinery stoppages, particularly at RNEST, REPLAN, and REGAP, in addition to progress on the RNEST Train 1 project and small-scale refinery
projects.

In the Gas and Low-Carbon Energies segment,
Capex totaled $0.1 billion in 4Q24, 34% higher than 3Q24. The increase was mainly due to the maintenance and operational continuity of
thermal plants, as well as spending on infrastructure maintenance of GASBOL in TBG.

Additionally, in 4Q24, US$ 2 million was
recognized related to signing bonuses for 26 blocks (partnership with Shell) in the Pelotas Basin.

It is worth highlighting the start of
operations in 4Q24 of the leased FPSOs Marechal Duque de Caxias (Mero 3) and Maria Quitéria (Integrado Parque das Baleias), with
total lease costs amounting to US$ 3.5 billion (Petrobras' share). Similarly to the owned units, leased FPSOs are recognized as assets
of the Company and represent an investment effort to expand production capacity with new units. However, they are not included in Capex.

The following table presents the main
information about the