Yarará-X2 well will evaluate hydrocarbon potential in Petaca and Yantata reservoirs

This YPFB release was published using machine translation.

Santa Cruz, April 30, 2023 (AN-YPFB).- In the perspective of developing and finding new hydrocarbon reserves, Yacimientos Petrolíferos Fiscales Bolivianos began drilling the Yarara-X2 (YRA-X2) well this Sunday, in order to evaluate the potential of gas or oil in the Petaca and Yantata reservoirs, the president of the state oil company, Armin Dorgathen Tapia, reported today.

"This prospect seeks to explore the commercial presence of hydrocarbons and thus allow expanding the exploratory frontier in Bolivia, since exploration is a priority activity for our government," said Dorgathen Tapia.

The drilling of the well, located in the municipality of Yapacaní, belonging to the Ichilo province of the department of Santa Cruz, will make it possible to define the Yarará structure, as well as the evaluation of the hydrocarbons present in the Petaca and Yantata reservoirs in the highest part of the structure and depth of the Pre-Silurian sandstones.

In addition, this exploratory project located 124 km north of the city of Santa Cruz de la Sierra, will study the lateral continuity of both reservoirs and will investigate the hydrocarbon possibilities of the deepest levels of the Pre-Silurian age that due to their wide characteristics They can be good reservoirs.

The programmed depth of the vertical well to be drilled is 3,300 meters. To drill, the YPFB-02 drilling equipment will be used, whose power is 2,000 HP (horsepower).

The overall cost of the project exceeds Bs 94.5 million. The exploratory prospecting activity contributes to the economic reactivation of the country, since the associated services, the provision of materials, goods and services boost the economy in that region of the country.

In addition, direct and indirect sources of employment are generated at the site of operations. The communities surrounding the project also benefit from the improvement and maintenance of the access road to the exploratory prospect.