(Energy Analytics Institute, Jared Yamin, 12.Aug2018) – In Caraparí, in southern Bolivia, a law was enacted that paves the way for the exploration and exploitation of hydrocarbon resources in Iñiguazu.
Passage of the law is expected to attract investments of close to $900 million, reported the daily newspaper La Razón.
The Iñiguazu area has estimated reserve potential of 1.2 trillion cubic feet (Tcf) of natural gas and 43.9 million barrels of oil (MMbbls), according to the daily.
“Starting next week we will conduct engineering studies,” reported the daily, citing Bolivia’s Hydrocarbon Minister Luis Alberto Sánchez. “Infrastructure related construction work is expected to commence next year,” he added.
The project involves drilling 8 producing wells, construction of collection lines, production facilities and a natural gas pipeline that will connect the Iñiguazu wells with the San Alberto Gas Plant. The pipeline is expected to transport initial production of 1.5 million cubic meters per day (MMcm/d) of natural gas by 2021, rising to 7.6 MMcm/d of natural gas at its peak in 2026.
Activities in Iñiguazu will be conducted by YPFB Andina S.A., YPFB Chaco SA, Repsol, Shell and PAE, according to the daily.
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