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Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Prod. Entitlements
Bonuses
Comm. Social Resp.
Total Payments
Total [1] $ 298,680 $ 12,469,329 $ 81,178 $ 1,420,630 [2] $ 152,072 $ 51,835 $ 14,473,724
STN              
Total [3]   $ 12,469,329         12,469,329
PPSA              
Total [2],[3]       $ 1,420,630     1,420,630
RFB              
Total [3] $ 298,680           298,680
ANP              
Total [3]     58,957   150,678   209,635
ICMBio              
Total [3]           49,833 49,833
IDEMA              
Total [3]     21,493       21,493
SIMA - SP              
Total [3]           $ 2,003 2,003
Ibama              
Total [3]     579       579
IPAAM              
Total [3]     $ 149       149
YPFB              
Total [3]         $ 1,394   $ 1,394
[1] All the Petrobras' projects refer the commercial development of oil and natural gas, in the E&P segment, using the well extraction method.
[2] In-kind production entitlements are presented at fair market value, which is calculated based on the volume the Brazilian Federal Government is entitled to, valued at the average Brent oil price for the year, pursuant to the production sharing regime adopted in Brazil for the exploration and production of oil, natural gas, and other fluid hydrocarbons in the Pre-Salt Polygon and/or strategic areas, and as established by Law 12,351/2010, particularly in articles 2(III), 15(III), 18, and 29(VII).
[3] The payments of Petrobras in Brazil are made in Reais (BRL), while in Bolivia in Bolivianos (BOL). All payments in this Report are reported in US Dollars, which have been translated based on the exchange rate as of December 31, 2023 (Brazilian Real/US Dollar 4.84 and Boliviano/US Dollar 6.82).