Petrobras, YPFB Chaco to Invest $1.2 Bln in Exploration

Brazil's state-run oil firm Petroleo Brasileiro SA and Bolivia's state-run YPFB Chaco signed a $1.2 billion agreement to explore two natural gas fields with potential reserves of 4 trillion cubic feet, the Bolivian government said on Monday.

 

The fields are Astilleros and San Telmo, in southern Bolivia.


(Reporting by Daniel Ramos; Writing by Caroline Stauffer)