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Bolivia works to reverse gas production decline

La Paz, Aug 30 (Prensa Latina) Armin Dorgathen, chair of “Yacimientos Petroliferos Fiscales de Bolivia” (YPFB) company granted on Wednesday that his enterprise is carrying out over 40 exploratory projects to reverse the decline in gas production since 2014.

YPFB finds new gas reservoir

Bolivian authorities have reported that the state-run oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) had discovered a new gas field in the Okinawa area after recent studies in the Remanso-X1 (RMS-X1) well. The new reservoir will generate approximately US$ 5 billion in gas, it was explained. It will also contribute to savings in fuel purchases of US$1 billion, according to YPFB.

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