South America hydrocarbons watch

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Wednesday, September 7, 2016

Bolivia's hydrocarbons and energy minister (MHE) Luis Sánchez met with Tecpetrol CEO Carlos Ormachea in Cochabamba to discuss the company's plans in the country.

"We have advanced agreements that we have to close to continue with the Ipati and Aquío project," an MHE release quoted Ormachea as saying.

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Pluspetrol Perú plans to invest US$300mn-400mn in block 108 to continue exploration, state news agency Andina quoted general manager Germán Jiménez as saying.

Planned work on the acreage appears as an active-flagged project in ombudsman Defensoría del Perú's latest social conflicts bulletin.

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The energy committee of Paraguay's senate greenlighted a bill introduced by the public works ministry to approve a concession contract signed between the government and company Zeus OL to carry out E&P work in the west of the country.

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Guyana's Ministry of Natural Resources announced the government's intention to establish an onshore oil and gas facility to support E&P operations.

"The government of Guyana is currently reviewing several locations as part of the consideration for the establishment of the facility that is expected to be established in collaboration with the private sector in a public/private partnership and in keeping with industry standards," government information agency GINA reported.

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