Petrobras and Bolivian State invest US $1.2 billion in gas exploration

Petrobras and Bolivian state YPFB Chaco signed an investment agreement of 1.2 billion dollars to exploit two areas of natural gas with potential reserves of 4 trillion cubic feet, the Bolivian government said.

The projects involved in the agreement are those of Astilleros and San Telmo, both south of Bolivia. The YPFB has a stake of 40% in San Telmo, while Petrobras has 60%. In Astilleros it is the opposite, with Petrobras 40% and Bolivia 60%.

The contract is 40 years and the expectation is that the two projects are producing gas in 2022. "If successful, the project could produce 14 million cubic meters per day," the minister said. Advertising. The news arises in the context of an agreement signed 20 years ago, which predicts the supply of Bolivian gas to Brazil until 2019. "With these investments, we guarantee to extend the contract of purchase and sale of gas to Brazil beyond 2019," said Sanchez.



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