 |
|
INSIDECOSTARICA.COM
|
LATIN AMERICA
NEWS
| Sunday 12
December 2010 |
 |
|
|
|
New Oil,
Gas
Deposits
Discovered
in
Bolivia
LA PAZ -
Bolivian
state
oil
company
YPFB
Andina
confirmed
Saturday
the
discovery
of a new
deposit
capable
of
producing
6.3
million
cubic
feet
daily of
natural
gas, and
250
barrels
of oil.
The Rio
Grande-81
well is
located
57
kilometers
southeast
of the
city of
Santa
Cruz de
la
Sierra,
according
to a
press
release
from the
YPFB
subsidiary.
This is
the
second
production
well in
that
field,
which
increases
national
reserves
of
natural
gas for
supplying
the
domestic
market
and
exports,
the
Bolivian
Information
Agency
reported.
The
press
release
said the
discovery
will
allow
YPFB
Andina
to
consolidate
its
position
as a
leading
national
producer,
with
more
than 40
percent
of
domestic
natural
gas
production
and 37
percent
of
condensate.
YPFB
noted
that in
early
August,
it
announced
the
discovery
of about
one
trillion
cubic
feet (TCF)
in the
RGD-22
well,
whose
initial
production
tests
reported
six
million
cubic
feet of
gas and
160
barrels
of
condensate.
The
information
obtained
in the
drilling
of the
RGD-22
well led
to
initial
exploration
in well
RGD-81,
which
confirmed
the
presence
of
hydrocarbons
in the
sandy
levels
of
Iquiri.
"These
important
findings,
which be
joined
by
others
in the
process
of
drilling
the
RGD-27
well,
are part
of the
Work and
Budget
Plans
submitted
by YPFB
Andina,
which
project
the
expansion
and
quantification
of the
deposit,
with the
possibility
of
increasing
overall
production
volume",
the
report
said.
|
|
|
|
|
|
|
|
|
Join
our Facebook page
