Bolivia allocates $260 million to hydrocarbons
La Paz, Apr 28 (Prensa Latina) Bolivian Fiscal Oil Fields (YPFB) will invest US$260 million in 2021 to conduct more than 20 projects in hydrocarbon exploration, Franklin Molina, minister of Hydrocarbons, reported today.
YPFB has about 17 exploratory oil wells and four to be incorporated this year, for which such a total amount is allocated, Molina said.
One of the ongoing projects is the Sararenda X3D drilling in the municipality of Camiri, in the eastern department of Santa Cruz, Molina recalled, while explaining that 4,330 meters deep will be drilled in order to reach 1.3 trillion cubic feet of recoverable natural gas and 30 million barrels of associated liquids.
If successful, we would undertake five more projects and immediately complete the facilities and plants, Molina stressed.
mh/pll/mem / znc
|By the minute||Most read|