LA PAZ – Bolivian President Evo Morales and state-owned energy firm YPFB on Friday inaugurated a new well in the eastern province of Santa Cruz that will yield 7 million cubic feet of natural gas and 400 barrels of condensate per day.
The Dorado West – X1001 well, which is operated by YPFB Chaco, a unit of YPFB, is located in the indigenous community of Takovo Mora.
Morales congratulated YPFB on the work carried out to date and called for “accelerating” investments in the area.
The well was drilled to a depth of 4,500 meters (14,750 feet) using YPFB’s own equipment, CEO Guillermo Acha said, adding that the company used to have to lease machinery for these activities.
The successful drilling of the well also served to confirm the existence of some 79.3 trillion cubic feet of recoverable gas reserves in the western flank of the El Dorado anticline, the company said.
Development of the Dorado West – X1001 well is part of a larger YPFB hydrocarbon exploration program that includes 86 projects in 63 new areas.