Petrobras Reaches Gas Exploration and Production Agreement in Bolivia

Petrobras and YPFB reached, on October 28th, an agreement that will allow the company to remain in Bolivia performing in the gas exploration and production businesses in the San Alberto and San Antonio fields, in Tarija.

After extensive negotiations, the agreement that was signed regulates the new gas exploration and production conditions in the above-mentioned fields. The gas price issue and the matter involving the Bolivian refineries that belong to Petrobras were not dealt with in the agreement. The document will be sent to the Bolivian National Congress for final analysis.