Bolivia Plans to Expand Gas, Electricity, Green Fuel, and Petrochemicals Exports

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.

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.

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.

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.

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).

New Certification and Micro-Credentialing

In 2016 and continuing through the summer of 2017, a number of universities offering either a traditional face-to-face 2-year MBA, or an executive MBA, began confirming what many observed: enrollments started to drop, and students and employers commented that the cost had risen too high. Students and employers could not justify the cost due to a lack of return on investment.

People are turning to alternatives such as micro-credentialing which forms the core part of a competency-based learning program. Even Google is offering micro-credentials in its G-Suite for Education, which helps students develop skills using its cloud-based software.

Organizations are developing fast-track certification and micro-credentialing programs in response to quickly evolving industries and the need to obtain and demonstrate mastery with specific skills and knowledge.  Some of the emerging areas include new data analytics techniques, new areas of medical technology, home health care provider management, hospitality marketing, technology entrepreneurship, drones and UAV operation and analytics, urban organic farming, and more. 

Certification providers include companies with specialized experience and experts, colleges and universities, professional associations, and government agencies.

•  Assessment to determine needs for new skills and knowledge
•  Emerging needs aligned with certificates
•  Situated learning: connect knowledge and skill to real-life setting
•  Fast-Track Certification: Fewer courses, tighter timeline
•  Characteristics of a “Fast-Track” program
•  Digital badges used to motivate
•  Content quality control to assure relevance of the content
•  Assessment strategies to apply knowledge and skills in real-life situations
•  Collaboration to encourage learning from each other

Mini-credentialing and certification programs appeal to individuals who need to expand their skills, and to do It quickly. Ideally, an individual should be able to complete their training within six months. In addition, the program should be affordable so that there is a very clear positive return on investment which more than pays for itself in increased income, expanded opportunities, and enhanced adaptability.

Big Data and Machine Learning: Susan Smith Nash and seismic lines for the Gulf of Mexico