YPFB and operators will invest USD 669 MM and exploration receives 48%

This YPFB release was published using machine translation.

La Paz, Jan 20 (AN/YPFB).- Yacimientos Petrolíferos Fiscales Bolivianos and the operators will invest USD 669 million during this administration, of which 48% corresponds to exploration activity with the perspective of replenishing and increasing oil reserves. hydrocarbons, reported this Friday the president of the state oil company, Armin Dorgathen Tapia.

“The investments programmed in the hydrocarbon chain place greater emphasis on the activities of exploration, exploitation and gas networks, in the first link 48% of the total resources were allocated. Headquarters, affiliates and subsidiaries of Yacimientos Petrolíferos Fiscales Bolivianos and operating companies are involved. These investments are recorded in a favorable context that offers economic stability as a result of the application of the productive community social economic model”.

Dorgathen, pointed out -during the socialization of the 2023 Hydrocarbon Sector Investment Program in an event that was attended by representatives of the national and international press- that YPFB works 24/7 in the exploration phase, "we have 32 exploratory projects, We are concentrating on Non-Traditional and Traditional Zones, we will reach the North Amazon of the country, a region that promises positive results, in the medium and long term”.

INVESTMENTS

YPFB Headquarters will invest 49% of the total amount programmed for this management, equivalent to USD 326.85 million. In addition, YPFB's affiliates and subsidiaries have a programmed investment amount of USD 277.57 million, which represents 41%, and the operating companies of the oil service contracts signed with YPFB will invest 10%, equivalent to USD 64.58 million. .

In exploration, the state oil company plans to invest USD 323.72 million, exploitation USD 139.78 million and distribution of natural gas through networks USD 74.05 million. Transport activities, industrialization plants, refining, storage, commercialization and other investments receive important economic resources aimed at guaranteeing the supply of fuels to the internal and external markets.

Between the 2023-2025 administrations, YPFB and the operating companies project an investment of USD 3,402.85 million with the perspective of strengthening the productive chain of the hydrocarbon sector in the Plurinational State of Bolivia.