Established in late 1995, Petrobras Bolivia started operating in mid-1996. In Bolivia, our work focuses on developing the hydrocarbon industry.
Our activities in Bolivia currently include hydrocarbon exploration and production operations.
We hold stakes in seven onshore blocks, of which we are the operators of three. The highlights of our operations are the San Alberto, San Antonio and Itaú gas fields, which are located in the department of Tarija and hold the largest natural gas reserves in Bolivia.
In addition, we have interests in the Río Grande Plant, where we operate part of the natural gas transport systems to Brazil.
We signed a Gas Supply Agreement (GSA) with the Bolivian state-owned company Yacimientos Petrolíferos Fiscales Bolivianos (YFPB) to supply natural gas to the Brazilian market. The agreement foresees the purchase of a maximum volume of 30 million cubic meters of gas per day until 2019.
We currently have a portfolio with new business opportunities that are part of the San Telmo, Astillero, and Sunchal exploration areas, where we are evaluating the hydrocarbon potential.
We also hold stakes in the Monteagudo (Chuquisaca) and Rio Hondo blocks (located on the border of La Paz, Beni, and Cochabamba), the latter currently out of commission by force majeure, in particular for environmental reasons.
The production of the fields that we operate (San Alberto, San Antonio, and Itaú) represents over 51 percent of the gas production in Bolivia, of the total the country needs to meet its commitments on the domestic and export markets.