Shell Announces Return to Bolivia

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 8.Jun.2016) – Royal Dutch Shell, which ceased to operate in Bolivia in June of 2008, has laid out exploration and exploitation plans for the small land-locked South American country.

Shell, via BG Bolivia, announced plans to invest millions to focus on exploration activities at the Huacareta field located in Tarija department and exploitation activities the Caipipendi block in the Margarita-Huacaya department between the Chuquisaca and Tarija departments, reported the daily newspaper La Razón. Exact amounts to be invested were not revealed.

Bolivia contains large resources and has legal security, which makes it attractive for companies such as Shell to work with the country, reported the daily, citing Bolivia’s Hydrocarbon and Energy Minister Luis Sánchez.

“The principal objective of Shell in Bolivia is to continue with exploration activities in the Huacareta area,” reported the daily, citing Shell Executive Vice President De la Rey Venter.

“The presence and return of Shell to Bolivia justifies” what minister Sánchez has said about Bolivia, said Venter.

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