YPFB Andina makes oil discovery in Bolivia’s Boqueron field

June 22, 2015
YPFB Andina reported an oil discovery in Boqueron field in Bolivia’s Santa Cruz region. The Boqueron 4D well reached a total depth of 3,237 m and had a flowrate of 700 b/d in initial tests.

YPFB Andina reported an oil discovery in Boqueron field in Bolivia’s Santa Cruz region. The Boqueron 4D well reached a total depth of 3,237 m and had a flowrate of 700 b/d in initial tests.

YPFB Andina is a joint venture of Spain’s Repsol SA (48.3%) and state-owned YPFB (51%). The companies referred to the discovery as “the most significant made in Bolivia in more than 2 decades.”

They also forecast the drilling of as many as 25 wells in the field in first-quarter 2016 and expenditures of $200 million.