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The Boycobo Sur X1 field is one of the most important discoveries made in Bolivia in recent years.
Bolivia's President Luis Arce Thursday confirmed the discovery of a gas field in the Caipipendi block, with reserves of approximately one trillion cubic feet.
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"The Pachamama (Mother Earth) gave us a nice Christmas present, the discovery of a mega hydrocarbons field," he declared.
The Boycobo Sur X1 field, in the Bolivian Southern Sub-Andean region, is one of the most important discoveries made in recent years.
"We are confident in the potential of this exploration area," Bolivian Petroleum Fields (YPFB) President Wilson Zelaya added.
#Bolivia | The oil and gas industry was nationalized in 2006, during the first year in which Evo Morales and the Movement Towards Socialism (MAS) were in power.https://t.co/ASvTyZCQIs
— teleSUR English (@telesurenglish) December 23, 2020
This Andean country invested millions of dollars in the exploration of the deposit, which will begin its production in December 2021.
"It is a pride for all to prove that Bolivians can successfully undertake serious exploration projects," Zelaya said.
In Bolivia, there are at least 30 gas fields, all located in Santa Cruz, Cochabamba, Tarija, and Chuquisaca Departments. The state obtains most of its fiscal income from the sale of natural gas to countries such as Brazil and Argentina.
Gonzalo Sánchez de Lozada #Goni was found guilty of the "October Massacre" in El Alto, #Bolivia, that claimed the life of 58 people and was a part of a planned attack following a gas conflict in 2003. He will have to pay US$10M to the victims' families https://t.co/NSxjts8Mcl pic.twitter.com/phkB9qgcXD
— teleSUR English (@telesurenglish) April 4, 2018
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