OTC 2024: Maritime industries connections: Brazil offshore energy sector

MARITIME INDUSTRIES CONNECTIONS BRAZIL OFFSHORE ENERGY SECTOR

Roundtable Business Meeting

Brazilian Shipyard Map

Carlos José do Nascimento Travassos

Chief Engineering, Technology and Innovation Officer

May-2024

Disclaimer

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You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Petróleo Brasileiro S.A. - Petrobras (together with its subsidiaries, the "Company") or any person on behalf of the Company, and any question-and- answer session that follows the oral presentation.

By receiving these materials and/or attending this presentation, you agree to be bound by the following terms and conditions and acknowledge the statements below.

Neither the Company nor any of its affiliates, directors, officers, agents or employees shall be de have any liability whatsoever for any loss or damage arising from any use of these materials or their contents or otherwise arising in connection with these materials or the presentation. No recipient of these materials or attendee to this presentation should construe the contents of these materials as legal, tax, accounting or investment advice or a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security. Each recipient and attendee should consult its own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein.

These materials contain non-IFRS financial measures used by the Company's management when evaluating results of operations. The Company's management believes these measures also provide useful comparisons of current results of

operations with past and future periods. Non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies.

These materials may contain forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe", "anticipate", "expect",

"envisages", "will likely result", or any other words or

phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Company nor any of its affiliates, directors, officers, agents or employees shall be liable before any third party for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages.

CAUTIONARY

STATEMENT

We present certain data in this presentation, such as oil and gas resources and reserves, that are not prepared in accordance with the United States Securities and Exchange Commission (SEC) guidelines under Subpart 1200 to Regulation S-K, and are not disclosed in documents filed with the SEC, because such resources and reserves do not qualify as proved, probable or possible reserves under Rule 4-10(a) of Regulation S-X.

Petrobras Strategic Plan (SP) with14 oil platforms

Evaluation of 7 more platforms in fields already in production (post SP)

38 maritime support vessels

Investments of SP in the period 2024-2028

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Portfolio under implementation

12	3 3	73 U$ billions

Includes investments in

the shipbuilding

73industry

Sustainable disposal of 23 platforms by 2028 and another 40 after that

Exploration & Production

Typical Petrobras Offshore Production Development Project

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Contracting		FPSO construction
FEL 2	FEL 3	Wells construction

Oil +Gas +Water

Mooring

Connections

1st oil

Exports of

gas

water and/or gas injection

4

Complex correlation between critical resources and projects

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FEL 3

Project

1

Project

2

Project

3

Project

4

...

Project

Mooring
FPSO construction		Connections
Wells construction	1st oil
FEL 3	Mooring
FPSO construction		Connections
Wells construction	1st oil
FEL 3		Mooring
FPSO construction	Connections
		Wells construction	1st oil
FEL 3			Mooring
		FPSO construction	Connections

Wells construction	1st oil

14

Demand of 14 FPSOs for the period 2024-2028

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*	Chartered units	Pre-salt implemented/under	Post-salt implemented	Pre-salt under contract
	implementation

Post-salt under	Not operated
contract

2023

2024

2025

2026

2028

2027	+ P-84
	P-85

Revit Marlim 2 Anna Nery*

70kbpd - WI PB 100%

Búzios 5 Alm. Barroso*

150kbpd - WI PB 89%

Revit Marlim 1 Garibaldi*

80kbpd - WI PB 100%

Mero 2

Sepetiba*

180kbpd - WI PB 39%

Mero 3

Mal. D. de Caxias*

180kbpd - WI PB 39%

IPB

Maria Quitéria*

100kbpd - WI PB 100%

Búzios 7

Alm. Tamandaré*

225kbpd - WI PB 89%

Mero 4

Alex. De Gusmão*

180kbpd - WI PB 39%

Búzios 6

P-78

180kbpd - WI PB 89%

Búzios 8

P-79

180kbpd - WI PB 89%

Búzios 9

P-80

225kbpd - WI PB 89%

Búzios 10	BM-C-33
P-82
126kbpd
225kbpd - WI PB 89%
WI PB 30%
Búzios 11	REVIT BRC/CRT*
P-83	100kbpd
225kbpd - WI PB 89%	WI PB 100%
Revit	SEAP 2*
Albacora*	120 kbpd
120kbpd - WI PB 100%	WI PB 88%
	SEAP 1*
	120kbpd
	WI PB 69%

7 more platforms under study to fields under operation, starting after 2028

Future FPSOs - More Predictability

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2029	2030	2031	2032
			Bidding
			approximately	4
			to 5 years before
			first oil
			Access to Petrobras
			Supplier Portal

• A new FPSO with combined cycle power generation system for the Revitalization of Marlim Sul and Marlim Leste under study
• Bidding is planned to begin in the 2H2024
• Pre bidding documentation and some engineering documents were made available on the Supplier Portal

Future FPSOs - More Predictability

• Pre bidding documentation and engineering documents

Access to Petrobras

Supplier Portal

Demand up to 38 support vessels for our maritime operations

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PSV - Platform Supply Vessel

12 PSVs, published on 03/04/2024 (receipt of proposals 02/08/2024)

RSV - Remotelly Support Vessel

16 RSVs, expected start of contracting in 1Q25 and 1Q26

3rd PROREFAM - 2009 to 2014

PSV, OSRV e AHTS

73 delivered vessels

3 to 4 Years of construction

8 Years of contract

CURRENT PROCESS *

PSV, OSRV e RSV

38 units 4 years

8 to 10 years of contract

					The planned demand represents around
OSRV - Oil Spill Response Vessel		50% of what was delivered by the 3rd
	Fleet Renewal Program (PROREFAM)
	10 OSRVs, expected expected		between 2009 and 2014
	start of contracting	in 2024

* Conditions that could make it possible to build new vessels in Brazil

Actions in FPSO Financing

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Cash flow: revision underway for more neutral cash flow reference for contractors

China Workshop : held on March 25th and 26th 2024 with banks and leasing FPSO companies in Beijing to promote Petrobras' portfolio. Attended by CDB, BNDES, Sinosure, Clai Fund, China Merchant Financial Leasing

Anticipation: 10% advance payment used for own FPSOs and increase in advance payment for chartered FPSOs

Association : Consortia associations are being studied in order to increase the processes competitiveness

Merchant Marine Fund: Approval on 23/03/2024 of the fund resources to prioritize the SEAP 1 and 2 project with around R$ 8,56 billion

Guarantees: acceptance of Guarantee Insurance for own FPSOs implemented; review of guarantees for advance payment on chartered FPSOs under going