YPFB plans to drill three wells and invest $400 million to explore and develop Mayaya

Bolivian Fiscal Oil Field (YPF) reported that he was enlisting in the military Invest approximately $400 million to drill three additional wells In recently discovered petroleum systems, as drilling proceeds Happy Myc-X1 IE.

The state-owned company said that when the presence of hydrocarbons was confirmed in the country’s North Subandi region, The next step will be to expand the frontiers of exploration in non-traditional fields.

The Tomachi Formation production test results conducted on this well were good.

“In this new discovery Estimated natural gas resources are 1.7 trillion cubic feet (TCF), Only in the structure drilled in this well. In addition, at least five similar surrounding structures are interpreted, “they stressed in Yacimientos.

Armin Dorgason, The YPFB president noted that there are three additional drilling projects in the short term, two of which are delimitation wells in the Mayaya structure and the rest are exploratory wells in adjacent structures to the east.

Dorgasson explained that in order to start production as soon as possible, the transportation existing plant and constructing a pipeline from Mayaya to Senkata, and evacuation of liquids to Sica Sica.

“This will allow us to cover the internal gas market in a first phase in the West. YPFB is proud to be making these investments,” said Dorgathen.

The new hydrocarbon field enters commercial production The expected development and exploration activities will take three to four years.will be conducted outside parks and reserves.

Fernando Arteaga, National Exploration and Development Manager at YPFB, said So far, they have conducted tests in the sands of the Tomachi Formation. Positive results confirmed gas production at 52 degrees API with associated condensate, but several levels remain to be tested.

The MYC-X1 IE well is located in the Lliquimuni region, in the municipality of Alto Beni, in the department of Caranavi, in the province of La Paz.

Since the discovery of oil in Bermejo 100 years ago, Bolivia’s hydrocarbon production comes from The traditional area includes the departments of Tarija, Santa Cruz, Chuquisaca and Cochabamba.

“With the drilling of the Mayaya Centro-X1 well, we are facing a historic event, the discovery of hydrocarbons in a new hydrocarbon province such as North Subandino,” Dogason added.