Commission Receives 12 Bids to Audit 14 Hydrocarbons Fields

The commission evaluating bids to audit Bolivian hydrocarbons fields has received proposals from 12 companies for the audit of a total 14 fields, Bolivia's government news agency ABI reported.

The commission will select the firms to carry out the audits by Friday (July 7), a ministry spokesperson told BNamericas.

The audits will determine the investments made, amortizations, operating costs and profitability of the fields to serve as the basis for negotiations of new contracts with the companies operating the blocks.

Two of the fields are operated by the local subsidiary of Brazil's federal energy company Petrobras (NYSE: PBR), four by the local subsidiary of US oil company Vintage Petroleum (NYSE: VPI) and eight by the local unit of Argentine oil company Pluspetrol, the agency reported.

Companies that submitted bids to audits of all the fields were US consulting firm PriceWaterhouseCoopers as well as locals Baltic Control Bolivia, Sociedad de Auditores y Consultores RSM and Delta Consult SRL.

Other companies presenting bids for the audit of Petrobras' Caranda and Colpa fields included locals Simbiosis SRL, Consult Sistem Asociados and Quimica y Consultoria Ambiental.

Other companies submitting bids for Vintage's Naranjillos, Nupuco, Porvenir and Chaco Sur field audits included locals Acevedo y Asociados and Ruizmier, Rivera, Pelaez and Auza SRL.

Finally, companies submitting bids for the audit of Pluspetrol's Barredero, Bermejo, Tajibo, Huayco, Madrejones, Río Seco, Tacobo and Toro fields were locals Intertec, Tudela TH Consulting Group and Ruizmier, Pelaez, and Auza SRL.

The commission also will receive bids for the audits of fields operated by local oil companies Andina and Chaco on July 10 and those operated by French oil firm Total (NYSE: TOT) on July 13, the spokesperson said.

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