Argentine oil firm Pluspetrol S.A. is engaged in the exploration and production of oil and gas. It also participates in power generation and operates a number of refineries, gas pipelines, electric power companies and natural gas distributors. In Latin America, Pluspetrol conducts E&P operations in Argentina, Bolivia, Chile, Colombia, Peru and Venezuela. Its assets include interests in Peruvian blocks 88 and 1-AB. In 2014, South American-focused Apco Oil and Gas International announced it has agreed to merge with Pluspetrol in a deal valued at US$427mn.