New Campos Basin pre-salt oil find for Petrobras (NYSE: PBR)

Rhea-AI Filing Summary

Petróleo Brasileiro S.A. – Petrobras reported a new oil discovery in the pre-salt layer of Brazil’s Campos Basin. The prospect was found in the Marlim Sul Field through exploration well 3-BRSA-1397-RJS, located about 113 km offshore in 1,178 meters of water.

Oil-bearing zones were identified using wireline logs, gas indications and fluid sampling, with samples to undergo laboratory analysis to better understand the reservoirs and fluids. Petrobras states that operations were completed safely and in line with health, safety and environmental standards, and that activity in the Campos Basin supports reserve replacement and Brazil’s energy needs during an energy diversification period.

Insights

Energy sector analyst

Petrobras adds a new pre-salt discovery but economic impact is still undefined.

The company has identified excellent-quality oil in the pre-salt of the Campos Basin, specifically in the mature Marlim Sul Field, where it holds a 100% working interest. Pre-salt finds can be significant because they often feature high-productivity reservoirs.

However, the filing only notes discovery indicators and lab analyses to come, without volumes, development plans or costs. The real impact will depend on subsequent appraisal results and how this discovery contributes to reserve replacement in the Campos Basin over time.

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FAQ

What did Petrobras (PBR) announce in its March 2026 Form 6-K?

Petrobras announced a new oil discovery in the pre-salt of the Campos Basin. The find comes from an exploration well in the Marlim Sul Field and aims to help replenish reserves in this mature producing basin and support Brazil’s energy demand.

Where is Petrobras’s new Campos Basin pre-salt discovery located?

The discovery is in the Marlim Sul Field in the Campos Basin, 113 km offshore. The exploration well 3-BRSA-1397-RJS lies in 1,178 meters of water near Campos dos Goytacazes, reinforcing Petrobras’s presence in this key offshore production region.

How did Petrobras identify the new pre-salt oil at Marlim Sul?

Petrobras identified the oil-bearing interval using wireline logs, gas indications and fluid sampling. These samples will be analyzed in laboratories to characterize the reservoirs and fluids, supporting further appraisal of the area’s potential and informing future development decisions.

What is the strategic importance of this discovery for Petrobras (PBR)?

The discovery supports Petrobras’s goal of replenishing oil reserves in the mature Campos Basin. It also helps the company sustain long-term operations while contributing to Brazil’s energy needs during an ongoing energy diversification period, according to the company’s description of its basin activities.

Does Petrobras operate the Marlim Sul Field and with what interest?

Yes. Petrobras is the operator of the Marlim Sul Field with a 100% working interest. The field was originally discovered in November 1987, and this new pre-salt find builds on the long production history of the area under Petrobras’s full operational control.

Did Petrobras mention safety or environmental aspects of the new well?

Yes. Petrobras stated that drilling operations for the well were completed safely and in compliance with health, safety and environmental requirements. The company emphasized respect for the environment and people while carrying out this pre-salt exploration activity in the Campos Basin.

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 March, 2026

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 – 9th 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____

 

New oil discovery in the pre-salt of the Campos Basin
—

Rio de Janeiro, March 26, 2026 - Petróleo Brasileiro S.A. – Petrobras has identified the presence of excellent-quality oil in the pre-salt of the Campos Basin, through an exploration well drilled in the Marlim Sul Field. Well 3-BRSA-1397-RJS is located 113 km offshore, in the municipality of Campos dos Goytacazes (RJ), in 1,178 meters of water depth.

The oil-bearing interval was identified based on wireline logs, hydrocarbon shows (gas indications) and fluid sampling. The samples will be sent for laboratory analyses to characterize the reservoirs and fluids encountered, supporting the continued appraisal of the area’s potential. Drilling operations were completed safely, in compliance with HSE requirements and with respect for the environment and people.

Petrobras’ activities in the Campos Basin are aimed at replenishing oil reserves in mature producing basin, ensuring the company’s sustainability and meeting Brazil’s energy demand during the energy diversification period.

The Marlim Sul Field was discovered in November 1987 through well 4-RJS-382. Petrobras is the operator of the field with a 100% working interest.

www.petrobras.com.br/ri

Para mais informações:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Relações com Investidores

E-mail: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares 28 – 9º andar – 20031-030 – Rio de Janeiro, RJ

Tel.: 55 (21) 3224-1510/9947

Este documento pode conter previsões segundo o significado da Seção 27A da Lei de Valores Mobiliários de 1933, conforme alterada (Lei de Valores Mobiliários) e Seção 21E da lei de Negociação de Valores Mobiliários de 1934 conforme alterada (Lei de Negociação) que refletem apenas expectativas dos administradores da Companhia. Os termos: “antecipa”, “acredita”, “espera”, “prevê”, “pretende”, “planeja”, “projeta”, “objetiva”, “deverá”, bem como outros termos similares, visam a identificar tais previsões, as quais, evidentemente, envolvem riscos ou incertezas, previstos ou não, pela Companhia. Portanto, os resultados futuros das operações da Companhia podem diferir das atuais expectativas, e, o leitor não deve se basear exclusivamente nas informações aqui contidas.

 

Map indicates the discovery location in the Campos Basin

www.petrobras.com.br/ri

Para mais informações:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Relações com Investidores

E-mail: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares 28 – 9º andar – 20031-030 – Rio de Janeiro, RJ

Tel.: 55 (21) 3224-1510/9947

Este documento pode conter previsões segundo o significado da Seção 27A da Lei de Valores Mobiliários de 1933, conforme alterada (Lei de Valores Mobiliários) e Seção 21E da lei de Negociação de Valores Mobiliários de 1934 conforme alterada (Lei de Negociação) que refletem apenas expectativas dos administradores da Companhia. Os termos: “antecipa”, “acredita”, “espera”, “prevê”, “pretende”, “planeja”, “projeta”, “objetiva”, “deverá”, bem como outros termos similares, visam a identificar tais previsões, as quais, evidentemente, envolvem riscos ou incertezas, previstos ou não, pela Companhia. Portanto, os resultados futuros das operações da Companhia podem diferir das atuais expectativas, e, o leitor não deve se basear exclusivamente nas informações aqui contidas.

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: March 26, 2026

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer