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YPF will carry out work in traditional areas Capiguazuti (Chuquisaca department) and Río Salado (Tarija), and in non-traditional area Yuchán (Tarija), YPFB said in a statement.
Petrobras will explore in traditional areas Astillero and Sunchal, and non-traditional area San Telmo, all in Tarija.
The companies will have 6-12 months to carry out work depending on agreement.
Brazil is the principal offtaker of Bolivian gas, followed by the domestic market and Argentina, with shipments last year averaging 26.9Mm3/d, 7.88Mm3/d and 4.91Mm3/d, respectively.