Gazprom, Total to explore Bolivian Subandean block

Gazprom of Russia and Total of France will explore the large Azero block in Bolivia’s Subandean territory between Sucre and Santa Cruz, according to announcement on the web site of state oil and gas entity Yacimientos Petroliferos Fiscales Bolivianos.

YPFB said the two companies would invest $130 million to explore the block, which covers more than 700,000 acres in Chuquisaca and Santa Cruz departments.

It said the companies have committed to collect geophysical surveys and drill two exploratory wells. YPFB would back in for a 55% interest if a discovery were made.

Subsidiaries of the former Texaco and Sun Oil held exploration rights to Azero several decades ago.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin


CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal


FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected