Petrobras informs that it signed a
memorandum of understanding (MoU) with YPF of Argentina to analyze the joint development of
business in the E&P segment. The agreement is non-binding and will be in force for three years.
The document also provides for technological cooperation between the companies in the Exploration
and Production segment, with a view to sharing knowledge in complementary skills. YPF is a benchmark
in Latin America in the exploration of unconventional oil and gas reservoirs and Petrobras is the leader
in deepwater operations.
YPF is the operator of the Rio Neuquén field in Argentina, in which Petrobras is a partner. This field is
located in the Neuquén Basin, one of Argentina's main sedimentary basins, known for its unconventional
oil and gas resources, such as shale gas and shale oil.