Questions? +1 (202) 540-8337 Login
Trusted News Since 1995
A service for global professionals · Wednesday, July 18, 2018 · 455,883,443 Articles · 3+ Million Readers

Gazprom and Bolivian Energy Ministry highlight successes of energy partnership

Background

The 7th St. Petersburg International Gas Forum is being held as part of the Energy Efficiency and Energy Development International Forum 'Russian Energy Week.'

Gazprom's interests in Bolivian projects are represented by Gazprom EP International B.V., a specialized company aimed at implementing hydrocarbon prospecting, exploration and development projects outside Russia.

Gazprom (20 per cent) in partnership with Total E&P Bolivie (50 per cent), TecPetrol de Bolivia (20 per cent), and YPBF Chaco (10 per cent) develops the promising Ipati and Aquio oil- and gas-bearing blocks, within which the Incahuasi field is located.

Gazprom and Total E&P Bolivie also implement a hydrocarbon exploration project in the Azero block. The project's shareholding structure at the geological exploration stage is as follows: Gazprom – 50 per cent and Total E&P Bolivie – 50 per cent.

In 2016, Gazprom and Yacimientos Petroliferos Fiscales Bolivianos (YPFB) inked the Agreement on strategic cooperation, as well as the Agreement to explore the promising La Ceiba, Vitiacua and Madidi blocks located in Bolivia.

Also in 2016, Gazprom, YPFB, and Bolivia's Ministry of Hydrocarbons and Energy inked the Roadmap for implementing projects in Bolivia. Gazprom and the Bolivian Ministry of Hydrocarbons and Energy also signed the Memorandum of Understanding to promote the use of liquefied natural gas and the Agreement on updating the General Scheme for the Bolivian gas industry development until 2040.

In 2017, Gazprom and YPFB signed the Cooperation Agreement on personnel training.

Powered by EIN Presswire
Distribution channels: Companies
Submit your press release