About us

Our activities are focused on deepwater and ultra-deepwater oil reservoirs in Brazil, which accounted for 98% of our total production in 2024. We also have activities in mature fields in shallow waters and onshore, as well as outside Brazil. Brazilian exploration and production assets represent 99.5% of our global oil production.

We operate the majority of refining capacity in Brazil, distributed across the southeast, south, and northeast regions. This infrastructure allows us to meet a large part of the market in these regions and other parts of the country through direct deliveries, pipelines, and cabotage. 

We are responsible for one of the largest natural gas-fired thermoelectric capacity in Brazil. Our plants play a crucial role in the flow and monetization of our own gas, as well as ensuring the security of the electric system’s operation, especially with the increasing integration of renewable sources. The portfolio management of the generating capacity is constantly evaluated. Regarding natural gas, we operate in the production, gathering, processing, transportation, natural gas imports and liquefied natural gas (LNG) imports, LNG regasification, supplying gas for our own consumption, and market sales. We participate in the Brazilian power market primarily through our investments in gas-fired thermoelectric plants, renewable energy, and stakes in fuel oil plants.

In June 2024, the executive board approved the resumption of operational activities at the Araucária Nitrogenados S.A. (ANSA) fertilizer plant, a wholly-owned subsidiary of the company. The plant, located in Paraná, had been hibernated since 2020. 

We are also involved in biofuel production through our subsidiary Petrobras Biocombustível, which is responsible for the sustainable production of biofuel for the Brazilian road market

As of December 31, 2024, we maintained operations in seven countries, in addition to Brazil: Argentina, Bolivia, Colombia, the United States, the Netherlands, the Democratic Republic of São Tomé and Príncipe, and Singapore. In Latin America, these activities are primarily focused on the exploration and production of hydrocarbons, with an emphasis on natural gas. In Colombia, we also operate in the liquid fuel retail segment.

The year 2024 marked the consolidation of Petrobras resumption of operations in the African continent as part of our reserve replacement strategy. In February 2024, we completed the acquisition of a working interest in three exploratory blocks operated by Shell in the Democratic Republic of São Tomé and Príncipe. Additionally, in October 2024, the acquisition of a working interest in an exploratory block in the Republic of South Africa was approved, subject to the approval of local regulatory bodies.

We have controlled companies in the Netherlands (Rotterdam), the United States (Houston), and Singapore, which develop our logistics and financial trading activities abroad.