(Energy Analytics Institute, Jared Yamin, 4.May.2016) – With oil prices below $50 per barrel, YPFB plans investments of $12.681 billion during 2016-2020 under its Economic and Social Development Plan (PDES by its Spanish acronym) with assistance from private operators.
The majority of the investments, $7.2 billion or 57 percent of the total, will be destined for exploration and production activities in a move to boost production, reported the daily newspaper La Razón, citing an interview the daily conduced with YPFB President Guillermo Achá.
Potential
“Bolivia has important reserve potential with more than 60 Tcf of natural gas,” said Achá.
Table 1: Bolivia Hydrocarbon Sector Investments 2006-2015 ($ Mlns)
Year —- Investment
2006 —— $273
2007 —— $299
2008 —— $384
2009 —— $612
2010 —— $782
2011 —— $1,292
2012 —— $1,593
2013 —— $1,835
2014 —— $2,111
2015 —— $1,945
Source: YPFB
Bolivia’s earnings in the hydrocarbon sector are based on operating contracts whereby the state’s take away is an average 75-80 percent with the remaining 20-25 percent going to private companies, said the official.
“In many contracts that average is above 80 percent for the state,” said Achá.
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