Bolivia rig

Bolivia eyes own Vaca Muerta: report

LA PAZ, March 15, 2018 – Bolivia is preparing to announce that it has major shale resources, international media reported on Thursday.


“I think that in the coming weeks, we will deliver an important announcement that Bolivia has a ‘Vaca Muerta’ that is larger [than that in Argentina],” Spanish daily El Pais quoted Bolivian Minister of Hydrocarbons Luis Sanchez as saying following a Cabinet meeting.

No further details were provided in the report, though Sanchez also cited recent studies according to which the Madre de Dios River Basin holds 340 bcm-3.4 tcm (12-120 tcf) of gas and up to 40 billion barrels of oil.

Read our latest insights on: