YPFB & YPF Sign Agreement for Exploration & Exploitation of the Area Charagua

Source: www.gulfoilandgas.com 7/13/2016, Location: South America

President Oilfield Fiscales Bolivianos (YPFB), William M. Acha and Vice President of Gas and Energy of Argentina 's YPF SA, Mark Browne, signed a memorandum of conformity will allow the signing of contract services for oil exploration and exploitation in the area Charagua.

Charagua is located in the department of Santa Cruz, in traditional area with an area of 99.250 hectares, where resources of about 2.7 trillion cubic feet (TCF) are estimated. Effected the expected commercial discovery, the total amount of investments made in exploration and exploitation would amount to about $ US 1,177 million.

Verified this commercial discovery, it would constitute a Mixed Economy Company (SAM) between YPFB and YPF Exploration & Production of Hydrocarbons of Bolivia SA, a subsidiary of YPF SA in Bolivia from Argentina.


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