Latin America, Caribbean hydrocarbons roundup

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Tuesday, August 16, 2016

Bolivia's YPFB Transierra put into operation the Juana Azurduy integration natural gas pipeline (GIJA), which connects with the state company's Yacuiba-Río Grande pipeline (GASYRG).

The US$2.8mn, 1.8km 32 inch GIJA aims to optimize gas delivery to the Gran Chaco liquids plant (pictured) and Argentina, state hydrocarbons company YPFB said in a statement.

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The 20Mm3/d capacity GIJA currently has authorization to transport 5.5Mm3/d.

Bolivia gas deliveries on August 10 (CREDIT: MHE)

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Fugro reported it was awarded a contract by Total E&P Uruguay to support the company's drilling campaign offshore the South American country.

"The contract provides for ROV and tooling services in the Raya-1 field in 3,400 metres water depth," Fugro said in a release. The systems are installed aboard the Maersk Venturer drill ship and a support vessel.

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In its latest earnings report, Niko Resources said that two of the company's indirect subsidiaries received written notice from Trinidad and Tobago's government requesting that unfulfilled exploration work commitments be performed under each of the subsidiaries' respective PSCs within 60 days.

If the commitments go unfulfilled, the government would terminate the PSCs and exercise its rights on the parent company guarantees for unfulfilled exploration commitments of US$65mn, said Niko, which "is considering various options to address this matter."