Luis Arce welcomes the discovery of oil and gas in Santa Cruz by YPFB

Bolivian President Luis welcomed the discovery of gas and oil through exploratory drilling of the Yarara X1 well in the department of Santa Cruz by the state company Yacimientos Petroliferos Fiscales Bolivianos (YPFB). 

The President stressed that the discovery corresponds to a national project developed by the Bolivian oil company “with its own equipment.” 

The drilling of the Yarará X-1 (YRA-X1) exploratory well, which began on September 14 of last year, gave good results after the DST Formation Tests were carried out, which revealed a potential of 13.7 million barrels of oil. (MMbo) and 76.8 trillion cubic feet of natural gas (BCF). 

The National Management of Exploration and Exploitation of YPFB, dependent on the Vice Presidency of Administration, Contracts and Inspection, reported that the drilling that was carried out with the YPFB-02 Equipment, reached the final depth of 2,850 meters, evidencing the presence of hydrocarbons. 

Photo Credit :