Petrobras reported that its proven oil, condensed and natural gas reserves estimates, according to US Securities and Exchange Commission criteria, resulted in 11.4 billion barrels of equivalent oil (Boe) on December 31, 2024. , 85% are oil and condensed and 15% natural gas.
The company says that in 2024, it followed the significant reserves ‘trajectory (1.3 billion boe), reaching 154%reserves’ replacement rate, focusing on profitable assets and alignment with the search for an energy transition fair.
The addition of reserves occurred mainly due to the development of the ATAPU fields and sepia and the good performance of the assets, especially the fields of Buzios, Itapu, Tupi and Sépia, in the Santos Basin. There were no relevant changes in reserves arising from oil price variation.
The relationship between proven reserves and production (R/P indicator) is in 13.2 years. “Considering the expected production for the coming years, it is essential to continue investing in the maximization of the recovery factor, the exploration of new borders and the diversification of the exploratory portfolio to replace oil and gas reserves,” the company says.
