Bolivia16 Jan 2019 17:51
Not sure if this is the same info from the other day ..
The peace. The company Repsol E & P Bolivia, in coordination with the State Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), drilled the exploratory well of deep gas in South America, announced the President of Bolivia, Evo Morales.
Exploration in this well managed 7.862 meters deep, said the Bolivian President together representatives of Repsol E & P Bolivia, after an inspection in the exploratory well Boyuy - X 2, located in the municipality of Caraparí in the Department of Tarija) South).
The President said that this achievement opens the hope to an unprecedented discovery of reserves of gas, with important economic prospects for Bolivia.
"Without a doubt, this venture is good news for Bolivians," said.
Meanwhile, the director of the business unit of Repsol, José Alejandro Ponce, noted the technical capacity and the collaboration of YPFB and Repsol who have had access to the latest technology.
The Boyuy - X 2 is drilled by the company E & P Bolivia, in coordination with YPFB, carrying 542 days of work and an investment of about US$ 126 million to date.
"This well has broken historical milestones, local, mainland, and perhaps even the world. It is the deepest in South America and will be one of the deepest wells of gas around the world,"he said.
According to Repsol, drilling, which started in July 2017, was 7.862 meters of depth until this Friday, although they intend to reach the 8,000 meters in the coming weeks.
Initially it was planned to close operations at 6,600 meters, but after breaking paradigms is advanced with 1,200 meters more. "It was important to reach this depth because it managed to find (December 12, 2018) training Huamampampa 7.640,3 metres. It is a formation of sandstones that produce gas as in the Margarita field", said Ponce.
He added that with this finding is expected the existence of large quantities of gas resources in the Bolivian region that encompasses the departments of Tarija, Chuquisaca (South) and part of Santa Cruz (East).
Repsol Executive said that investment will reach $150 million until May this year.
The well is being drilled from July 16, 2017, with an investment of US$ 126 million.