UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 6-K
Report of Foreign Private
Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange
Act of 1934
For the month of
January, 2023
Commission File Number
1-15106
PETRÓLEO BRASILEIRO
S.A. – PETROBRAS
(Exact name of registrant
as specified in its charter)
Brazilian Petroleum
Corporation – PETROBRAS
(Translation of Registrant's
name into English)
Avenida Henrique Valadares, 28 – 19th floor
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal
executive office)
Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form
40-F _______
Indicate by check mark
whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Petrobras on Proved Reserves in 2022
—
Rio de Janeiro, January 26, 2023
– Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according
to SEC (US Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (boe), as of December 31,
2022. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively.
In 2022, Petrobras made the biggest
reserves addition in its history (2.0 billion boe), for the second consecutive year, reflecting the excellent performance of our assets.
This reserves addition occurred
mainly due to the progress in the development of Búzios field, and to new projects to increase oil recovery in other fields in
Santos and Campos Basins, in addition to appropriations related to the good performance of reservoirs. We did not have relevant changes
related to the variation in the oil price.
We had reductions due to the transfer
of interests of 5% of the Surplus Volume of the Transfer of Rights of Búzios field, to the effects of the Co-Participation Agreements
of Atapu and Sepia fields and to the sales of properties in mature fields. The organic reserves replacement, that is, excluding such effects,
resulted in 239% of the year’s production.
The evolution of proved reserves
is shown in the graph below.
[1] Does not consider: (a) natural
gas liquids, since the reserve is estimated at a reference point prior to gas processing, except in the United States and Argentina; (b)
volumes of injected gas; (c) production from extended well tests in exploration blocks; and (d) production in Bolivia, since the Bolivian
Constitution does not allow the disclosure of reserves.
www.petrobras.com.br/ir
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
| Investors Relations
Email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. Henrique Valladares 28 – 19th floor –
20031-030 – Rio de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts
within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading
Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes",
"expects", "predicts", "intends", "plans", "projects", "aims", "should,"
and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore,
future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information
included herein.
The ratio between proved reserves
and production (R/P ratio) increased to 12.2 years.
Petrobras historically submits at
least 90% of its proved reserves according to SEC definition to independent evaluation. Currently, this evaluation is conducted by DeGolyer
and MacNaughton (D&M).
Petrobras also estimates reserves
according to the ANP/SPE (National Agency of Petroleum, Natural Gas and Biofuels / Society of Petroleum Engineers) definitions. As of
December 31, 2022, the proved reserves according to these definitions reached 10.7 billion barrels of oil equivalent (boe). The differences
between the reserves estimated by ANP/SPE definitions and those estimated using SEC regulation are mainly due to different economic assumptions
and the possibility of considering as reserves the volumes expected to be produced beyond the concession contract expiration date in fields
in Brazil according to ANP reserves regulation.
www.petrobras.com.br/ir
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
| Investors Relations
Email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. Henrique Valladares 28 – 19th floor –
20031-030 – Rio de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts
within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading
Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes",
"expects", "predicts", "intends", "plans", "projects", "aims", "should,"
and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore,
future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information
included herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 26, 2023
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Rodrigo Araujo Alves
______________________________
Rodrigo Araujo Alves
Chief Financial Officer and Investor Relations
Officer
Petroleo Brasileiro ADR (NYSE:PBR)
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