|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Bolivia

State Companies Agree to Study Potential of Bolivian Oil, Gas Reservoir

LA PAZ – A pair of state energy companies – Bolivia’s YPFB and Argentina’s YPF – signed an agreement on Thursday to study the potential of an oil and gas reservoir in Bolivia.

If the hydrocarbon exploration and development potential of this 45,750-hectare (177-square-mile) reservoir is confirmed, roughly $658 million could be invested in the area.

Bolivian President Evo Morales attended the signing ceremony in Sucre, a city in the southern province of Chuquisaca that is Bolivia’s constitutional capital.

The agreement is aimed at evaluating the hydrocarbon potential of the Sauce Mayu area, located in Chuquisaca, YPFB said in a statement.

“658 million is to be invested in the coming years based on the signing of this study agreement,” YPFB chief Oscar Barriga said.

“Upon conclusion of the second half of 2019, the idea is to continue negotiations aimed at signing a hydrocarbons-services contract for the area,” he added.

“The exploration assessment to be carried out will allow a determination of hydrocarbon prospectivity at deep levels,” he said, adding that some $70 million is to be invested in an exploratory well.

If that well is successful, an additional $588 million will be invested in developing the area, Barriga said.

For his part, Bolivian Hydrocarbons Minister Luis Alberto Sanchez said Sauce Mayu was a highly important area for the hydrocarbon industry with natural gas reserves estimated at 2.7 trillion cubic feet and oil reserves estimated at 39.6 million barrels.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved