Bolivia intends to expand its exports of LNG, electricity, petrochemicals, and green fuels in 2019 and beyond, announced the
Bolivian Vice President, Alvaro Linero Garcia. In addition, exploration to develop reserves of gas are being encouraged through partnering with companies to conduct studies and to drill exploratory wells. In addition, mature fields will be the target of study and investment to revitalize the reservoirs through enhanced recovery methods.
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| Panel discussion with Luis Sanchez, Minister of Bolivian Ministry of Hydrocarbons, with experts discussing opportunities and expanded reserves. |
The announcements were made at the closing ceremony of Bolivia's First International Forum on Gas, Petrochemicals, and Green Fuels, a four-day event in Santa Cruz (August 28-31) that had as a goal to encourage investment, and in doing so, presented a wide array of potential game-changers for partner companies, investors, and Bolivia.
With a goal of stimulating investment in exploring for hydrocarbons, the Minister of Hydrocarbons,
Luis Sanchez, detailed the opportunities to participate in more than 10 blocks in Bolivia, many in the prolific Tarija and Chuquisaca regions.
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| First International Forum on Gas, Petrochemicals, and Green Fuels / Santa Cruz, Bolivia |
Green fuels, including new ethanol sources from sugar cane grown by small cane farmers in the Santa Cruz region.
LNG terminals are being expanded, with the long-term goal of being a gas transportation hub for all of South America on the drawing board.
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| Exhibitions featured green fuel, LNG technology, pipelines, compressors, equipment for enhanced recovery, and more. |
The importance of incentives for investors was stressed, along with access to new studies and data which can be reprocessed and analyzed to reevaluate existing reservoirs, and to identify stacked plays, shale plays, as well as improved producibility using new technologies.
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| Susan Nash, Ph.D. (center) after giving a talk on case studies of successful exploration with new technology. Accompanied by YPFB engineers Ing Isabel Prudencio and (unidentified). |
