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

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

GAS EXPLORATION FANS OUT MIN ARKOMA BASIN

01/01/1990 Gas exploration is heating up in the South Central Arkoma basin's pre-Pennsylvanian formations. Several operators are targeting Siluro-Devonian...

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