IN BRIEF: Bolivia hydrocarbons promotion bill advances
Bolivia's lower house approved a bill that modifies an article of law 767 related to hydrocarbons E&P investment promotion.
The proposed legislation would exempt operators from the requirement of having to sign an addendum to extend a contract up to five years before the contract expires as long as companies pledge new exploration investment of at least US$350mn or at least US$500mn for exploration and development.
Analysts have highlighted the need for new E&P investment to add impetus to Bolivia's hydrocarbons sector amid the country's export-oriented industrialization push.
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News in: Oil & Gas (Bolivia)
Bolivia's YPFB offering three-year service contract
The winner will operate and maintain rigs for the state hydrocarbons company.
YPFB will carry out 60 thousand gas network connections this year in the nine departments of the country
Home gas installations will reach the nine departments.
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