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Sale of Interest in Transierra

Source: www.gulfoilandgas.com 8/5/2014, Location: South America

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Petrobras has sold its 44,5% stake in Transierra S.A. to Yacimientos Petroliferos Fiscales Bolivianos (YPFB) for US$ 106.7 million. This operation is aligned with the Company’s Strategic Plan and complies with Law466 of December 2013 with sets the regulatory framework for state owned companies in Bolivia.

Transierra S.A., constituted in 2000, is the company that provides hydrocarbon transportation services through pipelines, connecting San Alberto and San Antonio fields to the Bolivia-Brasil gas pipeline (Gasbol). Petrobras operations in those fields will not be impacted by this deal.

Petrobras reaffirms its presence in Bolivia, investing in the upstream sector, where it operates in accordance with the highest standards of social and environmental responsibility.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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