YPFB, Gazprom Begin E&P Partnership Talks
Bolivia's state hydrocarbons company YPFB and Russian oil and gas firm Gazprom have begun talks to create a joint E&P company, the former country's state news agency ABI quoted YPFB president Guillermo Aruquipa as saying.
The partnership would be the third hydrocarbons company created in Bolivia under President Evo Morales' new energy policy following the creation of YPFB Refinacion and YPFB Petroandina.
The Gazprom initiative would perform E&P in the Aguarague, Inau Tiasia and Inigawi areas in Chuquisaca, Tarija y Santa Cruz departments.
In related news, Aruquipa said that the government will announce soon the creation of new partnerships with state companies from other countries.
"Within a month, we will begin the creation of a fourth company in partnership with YPFB. We have had various proposals," the official said.
"Insofar as we don't have the financial and technical capacity, we have chosen to work in this manner. In addition, the other companies will transfer to us the technology and technical training for personnel," according to Aruquipa.
YPFB has 33 areas reserved for E&P, four of which have been assigned to YPFB Petroandina, a JV with Venezuela's state oil firm PDVSA.
Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
- Ukraine And Russia Both Claim Victory In Gas Dispute (Dec 22)
- Gazprom to Splurge on EU Gas Pipe as US Weighs Penalties (Dec 19)
- Court Rejects PGniG's Attempt To Limit Gazprom's Use Of Opal Pipeline (Oct 13)
Company: YPFB more info
- Bolivia Seals Exploration Deal with Gazprom, Total (Aug 02)
- Argentina's Chubut Province Gives YPF 7-Day Ultimatum (Mar 02)
- Petrobras Amends Natural Gas Purchase Agreement with YPFB (Dec 21)