A Petrobras (PETR4) and YPF, which explores hydrocarbon products, signed an understanding agreement to analyze joint business development in the E&P (exploration and production) segment.
The agreement is non-binding, with a validity period of three years.
It also provides for technological cooperation between companies, aiming to share knowledge in complementary skills.
Currently, the Brazilian company already maintains a partnership with the Argentinean in the Rio Neuquén field.
This field is located in the Neuquén Basin, one of the main sedimentary basins in Argentina, known for its unconventional oil and gas resources, such as shale gas and shale oil.
The company has been operating in Argentina since 1922 and in Chile. It is a reference in Latin America in the exploration of unconventional oil and gas reservoirs.
It has a market share of 54% in the segment and has more than 1600 gas stations.