Bolivia says Petrobras may return to oil and gas production, help restructure YPFB

Bolivia will begin technical talks next week with Petrobras regarding a potential return to exploration and production in the country. Separately, Petrobras is also reportedly willing to help restructure state energy firm YPFB, per Energy Minister Marcelo Blanco. The update is largely procedural but could support expectations for future development and restructuring in Bolivia’s upstream sector.

Analysis

Bolivia will begin technical talks next week with Petrobras regarding a potential return to exploration and production in the country. Separately, Petrobras is also reportedly willing to help restructure state energy firm YPFB, per Energy Minister Marcelo Blanco. The update is largely procedural but could support expectations for future development and restructuring in Bolivia’s upstream sector.