YPFB programs 11 exploratory projects to be developed during the current administration

This YPFB release was published using machine translation.

Sucre, April 29 (AN/YPFB). - Yacimientos Petrolíferos Fiscales Bolivianos has scheduled for the present management the execution of 11 exploratory projects that cover the departments of La Paz, Tarija, Santa Cruz and Chuquisaca, announced the president of the state oil company, Armin Dorgathen Tapia.

"We have 11 projects, as I mentioned, since the 1980s there was no YPFB with more than one project simultaneously, today we have three and by the end of the year the goal is to reach these 11 projects underway," said the executive. of the state oil company during his speech at the Public Accountability Hearing - Initial 2023 that took place in the capital of the Plurinational State.

These are the projects Mayaya Centro-X1, Yope-X2, Yarará-X2, Chané NW-X1 IE (Stratigraphic Research), Bermejo-X46, Iñau-X3D, Yapucaiti-X1, Villa Montes-X7, Ingre-X3D, Las Delicias-X1 and Madre Selva-X1 IE.

Dorgathen added that for this purpose, the state oil company is working on different geology and geophysics studies, both included in the program of the present administration. "We have the boomerang surface geochemistry project in the Benian plain that covers Santa Cruz and Cochabamba, aerogravimetric - aeromagnetometric acquisition in the Madre de Dios basin, Boomerang Zone and Subandino Sur and 2D seismic in the Viticua and Camatindi area that covers the departments of Santa Cruz, Tarija and Chuquisaca”.

EXPLORATION

Yacimientos Petrolíferos Fiscales Bolivianos and the operators will invest USD 669 million during this administration, of which 48% corresponds to exploration activity with the perspective of replenishing and increasing hydrocarbon reserves.

YPFB Headquarters will allocate 49% of the total amount programmed for this management, equivalent to USD 326.85 million. Likewise, the affiliates and subsidiaries of the state oil company have a programmed investment amount of USD 277.57 million, which represents 41%, and the operating companies of the signed oil service contracts will invest 10%, equivalent to USD 64.58 million. .

In exploration, the state oil company plans to invest USD 323.72 million, exploitation USD 139.78 million and distribution of natural gas through networks USD 74.05 million. Transport activities, industrialization plants, refining, storage, commercialization and other investments receive important economic resources aimed at guaranteeing the supply of fuels to the internal and external markets.