Petrobras, in continuation of the statement released on July 23 2025, informs that it signed with PPSA (Pré-Sal Petróleo SA) the Expenditure and Volume Equalization Agreement (AEGV), resulting from the Production Individualization Agreement (AIP) of the Jubarte Pre-Salt Shared Deposit .
Petrobras owes PPSA R$1.54 billion, payable in a single installment by the end of October. Of this total, R$1.47 billion was already provisioned in the 2Q25 financial statements, as per Note 17.4 regarding Production Individualization Agreements.
The negotiation process for equalization between Petrobras (Jubarte) and Argonauta's partners - Shell Brasil Petróleo Ltda., Enauta Petróleo e Gás Ltda. (Brava) and ONGC Campos Ltda. - is ongoing and will be disclosed to the market upon its completion.
As announced on July 23, 2025, the approval of the Jubarte Pre-Salt AIP by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) resulted in the definition of the proportional shares of each of the companies in the shared deposit, as follows:
- Petrobras 97.250%
- Shell 0.430%
- Brava 0.198%
- ONGC 0.232%
- Union (represented by PPSA) 1.890%
This new configuration requires the negotiation of the AEGV to reconcile revenues obtained from oil and natural gas production, expenses incurred with investments, operating expenses, royalties and special participations, in proportion to the parties' shares in the shared deposit, according to CNPE Resolution No. 8/2016 and ANP Resolution No. 867/2022. The period considered ranges from the signing of the BC-60 (Jubarte) Concession Agreement, on August 6, 1998, until July 31, 2025, the day before the effective date of the Jubarte Pre-Salt AIP.
Source: Petrobras
