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Property, plant and equipment (Tables)
 6 Months Ended
Jun. 30, 2025
Property Plant And Equipment  
Schedule of property, plant and equipment by class of assets
           
 

Land, buildings

and

improvement

 Equipment and other assets (1)

Assets under

construction (2)

 Exploration and development costs (3) Right-of-use assets Total
Balance at December 31, 2024 2,485 45,807 24,384 35,921 27,688 136,285
Cost 3,895 96,963 30,321 67,357 42,366 240,902
Accumulated depreciation and impairment (4) (1,410) (51,156) (5,937) (31,436) (14,678) (104,617)
Additions − 21 7,472 74 8,367 15,934
Decommissioning costs - Additions to / review of estimates − − − 6 − 6
Capitalized borrowing costs − − 911 − − 911
Write-offs (1) (27) (290) (4) (14) (336)
Transfers (5) 103 2,489 (3,438) 1,466 − 620
Transfers to assets held for sale − (1) − − − (1)
Depreciation, amortization and depletion (49) (2,641) − (2,157) (3,498) (8,345)
Impairment recognition (note 19) (3) (116) (17) (10) (84) (230)
Impairment reversal (note 19) − 4 − − − 4
Translation adjustment 339 6,168 3,507 4,766 3,999 18,779
Balance at June 30, 2025 2,874 51,704 32,529 40,062 36,458 163,627
Cost 4,503 112,058 39,137 78,019 55,814 289,531
Accumulated depreciation and impairment (4) (1,629) (60,354) (6,608) (37,957) (19,356) (125,904)

 

 

 

Balance at December 31, 2023 2,687 58,409 21,516 40,432 30,380 153,424
Cost 4,634 118,173 31,467 74,809 44,829 273,912
Accumulated depreciation and impairment (4) (1,947) (59,764) (9,951) (34,377) (14,449) (120,488)
Additions − 188 6,096 32 3,059 9,375
Decommissioning costs - Additions to / review of estimates − − − 66 − 66
Capitalized borrowing costs − − 755 − − 755
Write-offs               (3) (14) (128) (5) (25) (175)
Transfers (5) (40) 1,668 (2,459) 1,054 (17) 206
Transfers to assets held for sale − (21) (5) (109) − (135)
Depreciation, amortization and depletion (38) (2,554) − (1,979) (3,068) (7,639)
Impairment reversal (note 19) 3 32 2 − 13 50
Translation adjustment (339) (7,463) (3,155) (5,099) (3,920) (19,976)
Balance at June 30, 2024 2,270 50,245 22,622 34,392 26,422 135,951
Cost 3,927 103,923 31,292 66,123 40,499 245,764
Accumulated depreciation and impairment (4) (1,657) (53,678) (8,670) (31,731) (14,077) (109,813)
(1) It is composed of production platforms, refineries, thermoelectric power plants, natural gas processing plants, pipelines, and other operating, storage and production plants, including subsea equipment for the production and flow of oil and gas, depreciated based on the units of production method.
(2) See note 8 for assets under construction by operating segment.
(3) It is composed of exploration and production assets related to wells, abandonment and dismantling of areas, signature bonuses associated with proved reserves and other costs directly associated with the exploration and production of oil and gas, except for assets under "Equipment and other assets".
(4) In the case of land and assets under construction, it refers only to impairment losses.
(5) It mainly includes transfers between classes of assets and transfers from advances to suppliers.
Schedule of useful life of assets
 
Asset Weighted average useful life in years
Buildings and improvement 38  (between 25 and 50)
Equipment and other assets 22 (between 1 to 31) - except assets by the units of production method
Exploration and development costs Units of production method or 20 years
Right-of-use 14 (between 2 and 50)
Schedule of accumulated depreciation and impairment
       
  Platforms Vessels Properties Total
Cost 31,274 21,778 2,762 55,814
Accumulated depreciation and impairment (6,560) (11,823) (973) (19,356)
Balance at June 30, 2025 24,714 9,955 1,789 36,458
Cost 22,484 17,542 2,340 42,366
Accumulated depreciation and impairment (4,712) (9,216) (750) (14,678)
Balance at December 31, 2024 17,772 8,326 1,590 27,688
Schedule of reimbursements payable relating to the execution
           
          Jan-Jun/2025 Jan-Jun/2024
Opening balance         577 462
Additions to PP&E, net of write-offs         (353) 118
Payments made         − (1)
Other income and expenses         676 25
Translation adjustments         97 (70)
Closing balance (1)         997 534
(1) Notably Berbigão, Sururu, Agulhinha and the pre-salt layer of Jubarte.