LatAmNRG Bolivia Briefs: YPFB And Shell Deal For Yapucaiti X 1 Well

(Energy Analytics Institute, Ian Silverman, 24.May.2019) — Heard on the street and LatAmNRG briefs related to YPFB being the withholding agent for transport carriers in Chaco, and YPFB and Shell signing a deal for an estimated $220 million for the Yapucaiti X 1 exploration well.

YPFB To Retain Funds From Gas Sold By Transport Carriers

(Energy Analytics Institute, Ian Silverman, 24.May.2019) — Bolivia’s Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) will be the withholding agent of the 20 cents to be paid per cubic meter of gas sold by transport carriers from Chaco region in Bolivia.

Funds will be destined for the Natural Gas Vehicle Program (NGV) revolving fund in the province of the department of Tarija, reported Bolivia’s Information Agency or ABI, citing Gran Chaco Vice President of Unified Transport Gualberto Durán.

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YPFB And Shell Ink $220 Million Deal For Yapucaiti X 1 Exploration Well

(Energy Analytics Institute, Ian Silverman, 23.May.2019) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) President Óscar Barriga and Shell Bolivia Manager Orlando Vaca signed an agreement that stipulates investment of $220 million in the Yapucaiti X 1 exploration well located in the department of Chuquisaca, reported Bolivia’s Information Agency or ABI.

Natural gas production in Chuquisaca, which reached 6 million cubic meters a day (MMcm/d) in 2018, is expected to reach 12 MMcm/d in 2025 and generate estimated oil revenues of $3 billion, the agency said.

https://youtu.be/WREXBUZBrS8

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© Energy Analytics Institute (EAI)

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