YPFB Maintains Technical Possibilities in Lliquimuni Block

Source: www.gulfoilandgas.com 3/16/2016, Location: South America

Project operations exploratory drilling, Lliquimuni Center X-1 led to the discovery of a presence of hydrocarbon volumes in non - commercial quantities. The technical information collected from underground verifies the existence of an active petroleum system in the area, allowing technical possibilities still keep in Lliquimuni block.

"Upon termination of operations of this project and after activities 100% of exploration, has come to the conclusion that the exploration area that bears his name, records the presence of hydrocarbon volumes that unfortunately are in non-commercial quantities without But the technical information that has been collected from the subsoil is of great technical value since verified the existence of an active petroleum system in the area, which is one of the most important reasons to keep continuing studies and evaluation of other drilling projects in the area, "said today the president of YPFB, Guillermo Acha M.

After a lapse of more than 440 days of drilling and operations at the well Lliquimuni have started, located in the north of La Paz and after having reached a depth of 4,562 meters, a little over 1,000 meters more than projected and according to the results of tests performed on four levels of sand that reflected electrical records as the most interesting intervals, it has managed to complete this project operations executed by YPFB Petroandina SAM, company YPFB Corporation.

Technical information has been collected is so abundant that the studies are estimated perform will require at least 6 to 8 months evaluation and interpretation using computational tools of last generation and linking a group of highly specialized geoscientists to reach conclusions techniques, under the odds could generate the coordinates of a new exploration well.

In the case of positive decision making to go to a second exploratory well, it would require at least 8 months for management of a new environmental permit for drilling a second well, about 16 months to build the road and ironed and 12 months for drilling the new well.

"Taking into consideration the elements described above, it can be stated that the north subandino through exploratory studies developed by YPFB Petroandina SAM remains a very important role in Bolivia that should be investigated further exploratory play," he said Acha.


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