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8 clusters · 13 sources · 54 days · First seen · Last updated

YPFB hydrocarbon exploration and fuel crisis management

Overview

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) continues its hydrocarbon exploration and fuel management efforts in Bolivia. In the Subandino Norte region, YPFB and its subsidiary YPFB Andina S.A. have conducted surface geological survey campaigns in the Lliquimuni and El Pelado areas to enhance stratigraphic knowledge and identify access routes for future drilling. Additionally, YPFB Chaco is progressing with the exploration of unconventional reservoirs at the Okinawa field in Santa Cruz via the Montecristo-9 well. Utilizing hydraulic stimulation, initial tests yielded condensate with an API gravity near 55. General manager Abel Villegas noted that the field could eventually produce 12,000 barrels of liquids and 110 million cubic feet of gas per day, potentially increasing national liquid production by 40%. To develop the field, YPFB Chaco projects a $1.6 billion investment for up to 90 wells, supported by a proposed ‘short law’ to attract private capital.

To manage a significant fuel crisis involving diesel shortages and systemic control failures, YPFB has implemented a new online monitoring system to track fuel distribution in real time. This follows reports that 22 million liters of fuel were diverted during a recent intervention. To bolster supply, YPFB plans to increase crude oil refining by 10,000 barrels per day using underperforming refineries in Cochabamba and Santa Cruz. Furthermore, the National Hydrocarbons Agency (ANH) has authorized YPFB to import and commercialize diesel for one year to ensure nationwide availability. To combat price speculation and smuggling of Liquefied Petroleum Gas (LPG), YPFB is deploying georeferenced tracking technology for cylinders, following reports of vendors charging up to Bs 130 for a 10kg cylinder despite the official price of Bs 22.50.

Entities

Yacimientos Petrolíferos Fiscales Bolivianos · Agencia Nacional de Hidrocarburos · Cochabamba · Bolivia · La Paz

Claims

What the coverage asserts, and how many sources carry each claim.

Coverage disagrees

Sources make claims that cannot both be true. CLSTR reports the disagreement; it does not decide who is right.

  • "The official price for a 10kg LPG cylinder is Bs 22.50." lavozbolivia.com · lapatria.bo

    vs

    "LPG cylinders are being sold for over Bs 100 in some rural areas of Cochabamba." lavozbolivia.com

    The official price of a 10kg LPG cylinder is stated as Bs 22.50, while another claim asserts they are being sold for over Bs 100.

Timeline

  1. [BUSINESS] 3 sources
    YPFB implements tracking technology to combat LPG price speculation

    YPFB is deploying georeferenced tracking technology to prevent LPG smuggling and price speculation in Bolivia, following reports of rural prices far exceeding the official Bs 22.50 rate.

  2. [BUSINESS] 2 sources
    YPFB activates 1,200 cameras to monitor fuel and LPG supply

    Bolivia's state oil company, YPFB, has deployed 1,200 security cameras at 98 strategic sites to monitor the real-time distribution of liquid fuels and LPG across the country.

  3. [BUSINESS] 4 sources
    YPFB increases fuel distribution and blocks license plates in Bolivia

    Bolivia's YPFB is increasing fuel distribution and blocking license plates of vehicles making repetitive loads to prevent the illegal diversion of subsidized gasoline and diesel.

  4. [BUSINESS] 2 sources
    YPFB begins $9 million drilling project in Cochabamba

    Bolivia's state oil company YPFB has begun a $9 million drilling project at the Surubí Noroeste 6 well in Cochabamba to boost light crude oil production.

  5. [BUSINESS] 3 sources
    YPFB Chaco targets $1.6 billion investment for Bolivia's Okinawa field

    YPFB Chaco has begun exploring unconventional reservoirs in Bolivia's Okinawa field, projecting a $1.6 billion investment to increase national liquid production by 40% through the Montecristo-9 well.

  6. [BUSINESS] 6 sources
    YPFB authorized to import diesel in Bolivia

    Bolivia's ANH has authorized YPFB to import and distribute diesel oil nationwide for one year to ensure fuel supplies at service stations.

  7. [BUSINESS] 5 sources
    YPFB implements new controls to combat Bolivia fuel crisis

    Bolivia's state oil company, YPFB, is implementing new monitoring systems and increasing crude refining to combat diesel shortages, fuel diversion, and illegal stockpiling.

  8. [BUSINESS] 2 sources
    YPFB conducts geological surveys in Bolivia's Subandino Norte

    YPFB has completed geological surveys in Bolivia's Lliquimuni and El Pelado areas to assess hydrocarbon potential and prepare for future exploratory drilling in the Subandino Norte region.

Sources

ahoradigital.net · asuntoscentrales.com · cabildeodigital.com · eju.tv · energypress.com.bo · exitonoticias.com.bo · lapatria.bo · lavozbolivia.com · lavozdetarija.com · periodicolea.com.ar · publiagro.com.bo · rcbolivia.com · rtpbolivia.com.bo

This summary has been updated 7 times: see revision history