Law 245

Original Language Title: Ley 245

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law no 245

2012 JUNE 1 LAW

EVO MORALES AYMA

CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE OF BOLIVIA

For the Plurinational Legislative Assembly, it has The following Act:

THE PLURINATIONAL LEGISLATIVE ASSEMBLY,

D E C R E T A:

Article 1. (CONTRACT AUTHORISATION FOR OIL SERVICES). According to

established by paragraph II of Article 362 of the Political Constitution of the State, is authorized to Yacimientos Petrolíferos Fiscales Bolivianos? YPFB subscribe to the PETROLEUM SERVICES CONTRACT FOR THE EXPLORATION AND EXPLOITATION OF AREAS RESERVED FOR YPFB, CORRESPONDING TO THE SANANDITA AREA, located in the Department of Tarija with the Company EASTERN PETROLEUM & GAS S.A.

Article 2. (ASSIGNMENT CONTRACT AUTHORIZATION). Once the declaratory and approval of the

merchantability of one or more fields within the Area of the Contract noted in the previous Article is issued, YPFB and the Holder of the Period of Exploration, the subscription of the Cession Contract set out in the Annex? G? of this Agreement, in favor of the Society of Mixed Economy? S.A.M. formed between YPFB and the Holder, for the declared commercial fields.

Remitase to the Executive Body, for constitutional purposes.

It is given in the Session Room of the Plurinational Legislative Assembly, at the fifteen days of the month of May

year two thousand twelve.

Fdo. Lilly Gabriela Montano Viana, Rebeca Elvira Delgado Burgoa, Mary Medina Zabaleta, David Sanchez

Heredia, Luis Alfaro Arias, Ángel David Cortez Villegas.

Therefore, it is enacted so that it has and complies with the Law of the Plurinational State.

Government Palace of the city of La Paz, on the first day of the month of June of two thousand twelve years.

FDO. EVO MORALES AYMA, Juan Ramon Quintana Taborga, Juan Jose Hernando Sosa Soruco.