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Evo Morales announces investment to drill in Chuquisaca gas area

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Staff Writer | August 17, 2018
Bolivian President Evo Morales announced an initial investment of $20 million, of $588 million in total, to drill the Sauce Mayo area located in the Chuquisaca department (south).
Evo Morales
LatAm   Morales participated in the signing of the agreement
Morales participated in the signing of the agreement for the study of this area between the state Bolivian Fiscal Oilfields (YPFB) and the Argentine YPF.

The president said that in this field it is estimated to have 2.7 trillion cubic feet of gas (TCF), which will expand Bolivia's production and gas reserves.

The pact also guarantees the resumption of the execution of investments in several oil areas in the southern department.

In addition, Morales mentions the service contract between YPFB and the Russian company Gazprom for the progressive investment of one thousand 224 million dollars in the exploration and development phases of the Vitiacua field.

The investments will be executed in the 2018-2021 period in the fields of Aguarague Norte, Acero, Caipipendi, Huacareta, Itacaray, Iñau, Ingre and Sauce Mayo, among others.