News

Bidding has been terminated to quantify and certify Bolivia’s reserves of natural gas and hydrocarbon liquids through December 31, 2024.

The offers submitted by DeGolyer & MacNaughton and GEA ARG for US$2mn and US$1.45mn were above budget, procurement information from state hydrocarbons company YPFB shows.

Information about whether a new process would be launched was not disclosed.

The winner of the 145-day contract will quantify recoverable technical volumes, carry out an economic evaluation and prepare production forecasts. The work will target 63 natural gas and 25 oilfields.

Meanwhile, YPFB reported the start of construction of the pads and access roads to drill exploration wells Mayaya Centro-X2 (MYC-X2) and Mayaya Centro-X3 (MYC-X3) in the Lliquimuni area.

The transport and assembly of the drilling equipment will take place in the coming weeks.

The Mayaya hydrocarbons field in La Paz department is part of YPFB’s upstream reactivation plan and holds an estimated 1.7Tf3 of natural gas.

Read Bolivia begins procurement for new flagship natural gas project

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