Bolivia: Bolivia’s state-run oil company (YPFB) has signed an agreement with the Bolivian subsidiary of Argentina’s state-run oil firm (YPF) to conduct a study on the hydrocarbon potential of the Sauce Mayu area in Bolivia’s southern Chuquisaca department. Should the study be successful, the agreement lays out the conditions for a US$658m investment to extract any hydrocarbons found in the area, according to YPFB president Óscar Barriga. Bolivia’s hydrocarbons minister, Luis Alberto Sánchez, highlighted Sauce Mayu’s importance for the hydrocarbons industry, as the area is estimated to hold a potential 2.7tn cubic feet (Tcf) of natural gas and 39.6m barrels of oil.
End of preview - This article contains approximately 106 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options