The Federal Government, represented by PPSA, received last Thursday (2) approximately R$ 917.32 million from Petrobras, Shell and Petrogral. The amount refers to the financial settlement of the first redetermination of the Shared Reservoir of Tupi, in the Santos Basin, as provided for in the Equalization of Expenditures and Volumes Agreement (AEGV). The financial compensation covers the expenses incurred and the revenues related to the volumes produced up to the effective date of this addendum to the AIP, in accordance with the current AEGV. Tupi is currently the second‑largest producing field in the country.

With the revision of the unitization agreement, the Federal Government’s share increased from 0.551% to 0.833%, with retroactive effects to December 1, 2025. With the redistribution, Petrobras’ participation in Tupi rose from 67.216% to 67.457%, Shell’s share was reduced from 23.024% to 22.650%, and Petrogal Brasil’s participation decreased from 9.209% to 9.060%.

The shared reservoir of Tupi encompasses areas under different contractual regimes, including:

1. the Concession Contract (BM‑S‑11), operated by Petrobras (65%) in partnership with Shell (25%) and Petrogal (10%);

2. the Tupi South Block of the Transfer of Rights Contract (Tupi South field), operated by Petrobras, which holds 100% participation; and

3. the Uncontracted Area belonging to the Federal Government, represented by PPSA in the AIP, as provided for in Law 12.351/2010.