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Bolivia Overview

Bolivia

in figures

Bolivia is the third largest producer of hydrocarbons and the largest producer and exporter of Natural Gas in South America. As of January 2016, the country has over 300 bcm (9.9 tcf) of gas reserves, while proved gas reserves have increased threefold since 1995.
Key hydrocarbons projects include the Incahuasi gas and condensates field in the Andean Cordillera foothills developed by Total, which is set to produce at a rate of 6.5 mcm (230 mcf) of natural gas and close to 6,000 bpd of condensate. Other key project includes Repsol’s Margarita-Huacava gasfield that has a production capacity of more than 19 mcm (670 mcf) per day straddling the Tarija and Chuquisaca provinces.

Over the last few years, several downstream and gas processing facilities have come online such as the Rio Grande and Gran Chaco liquids separation plant, or are being developed including the propylene and polypropylene plant, and the Bulo Bulo ammonia and urea facility. This is in response from the government’s efforts to diversify the country’s economy and decrease dependence on fuels imports.

The 2016-2020 National Economic and Social Development Plan approved by the current government aims to develop the country’s energy potential and infrastructure, by investing in exploration, industrialisation of natural gas activities and an increase in power generation.

The Oil & Gas Year Bolivia 2017 will delve into these issues. It is being produced in partnership with the Minister of Hydrocarbons & Energy and the Bolivian Chamber for Hydrocarbons and Energy (CBHE) For a comprehensive view of the Bolivian market see our business intelligence platform TOGYiN. TOGYiN features over forty profiles on companies and institutions active in Nigeria’s oil and gas industry, and provides access to all our coverage and content, including our interviews with key players and industry leaders. TOGYiN currently covers thirty markets worldwide.

Milner, Kampac to invest in Bolivia
NEWS
Bolivia - February 27, 2018

Milner Capital and Kampac Oil have struck a preliminary deal to invest USD 2.5 billion in Bolivia, international media reported…

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Bolivia sees $1.6 bln in gas deals
NEWS
Bolivia - November 22, 2017

Bolivia has signed natural gas development agreements worth USD 1.6 billion, international media reported on…

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Bolivian petchem project hits snag
NEWS
Bolivia - June 29, 2017

State-owned Yacimientos Petrolíferos Fiscales Bolivianos’ (YPFB) plans to build Bolivia’s first propylene and polypropylene plant have hit a snag with the…

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YPFB CEO sacked over Drillmec contract
NEWS
Bolivia - June 16, 2017

Guillermo Acha, the president and CEO of Bolivian NOC YPFB, was fired on Thursday over the purchase of drilling equipment worth USD 149 million from Italy’s Drillmac,…

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Gazprom to sign Bolivia agreements
NEWS
Bolivia - May 29, 2017

Bolivia is hoping to sign several gas exploration agreements with Russia’s giant Gazprom on the sidelines of the 21st St. Petersburg International Economic Forum this…

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Interview
Bolivia - January 11, 2017

TOGY talks to Diego Díaz, business unit director for Repsol’s Bolivia operations, about the benefits of strategic alliances, the importance of Bolivia for Repsol’s…

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Interview
Bolivia - January 2, 2017

TOGY talks to Jorge Urcullo, General Manager at SAExploration, about the company’s activities in Bolivia, its physical and regulatory challenges and the major…

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Interview
Bolivia - December 12, 2016

TOGY talks to Shaolin Li, regional director of Jereh Global in Bolivia, about the challenges and opportunities involved in entering the local oil and gas industry.…

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Companies vie for Bolivia O&M deal
NEWS
Bolivia - November 29, 2016

Bolivia’s state-owned YPFB is pushing back the deadline for bids on the operations and maintenance contract for the Bulo Bulo ammonia and urea plant.

The two-year…

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Interview
Bolivia - November 24, 2016

TOGY talks to Claudia Cronenbold, president of the Bolivian Chamber of Hydrocarbons and Energy, about the role of the private sector in Bolivia particularly as the…

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