The company plans to drill 17 wells this year
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) CEO Wilson Zelaya announced the state-run company projected an oil income above 1,900 million US dollars for the year 2021, which would represent a 35% growth compared to 2020.
During the 2021 Initial Public Accountability Hearing, Zelaya said these revenues will help reactivate the economy through the allocation of the Direct Tax on Hydrocarbons (IDH), royalties and other taxes to which YPFB contributes.
The planned investment amounts to US $ 788 million, of which YPFB in charge of 85% either directly or through its affiliates and subsidiaries and the remaining 15% is to be chipped in by companies which operate exploration and production fields.