YPFB plans to drill three exploratory wells in Pando between 2024 and 2025

This YPFB release was published using machine translation.

Cobija, October 12, 2023 (AN-YPFB).- For the years 2024 and 2025, Yacimientos Petrolófilos Fiscales Bolivianos (YPFB) planned the drilling of three exploratory wells in the department of Pando, announced the president of the state oil company, Armin Dorgathen Tapia .

These are the Tomachi-X1 IE, Tomachi-X2 IE and Tomachi-X3 IE stratigraphic research wells, prospects located in the Río Beni area, Madre de Dios basin.

“These projects will investigate the stratigraphy of the area. Subsequently, evaluations will be carried out to define the location of exploratory wells. Our technicians will identify formations, thicknesses and properties of the rocks to check if a Petroleum System exists in that Non-Traditional Zone,” explained Dorgathen Tapia.

The projects that are part of the Upstream Reactivation Plan (PRU) aim to discover hydrocarbons in the Tomachi – Tequeje formation, with the perspective of expanding the exploratory frontier in Bolivia.

BENEFIT

The hydrocarbon projects that are envisioned in the northern Amazon will contribute to the development of the department of Pando, since in addition to allocating heavy investments, local labor will be hired in the surrounding communities.

As a prelude to exploration in the north of the country, the state oil company drilled the Gomero X1 IE Stratigraphic Research well in 2022, a project located between the departments of Pando, Beni and La Paz.

Hydrocarbon exploration activities are a priority for the State and seek to replenish and increase proven reserves in the medium and long term.

The YPFB administration seeks to reverse the decline in natural gas production and intensifies exploration activities to contribute to the substitution of imported liquids through an intense campaign of projects with an oil objective.