YPFB Runs 99% of Investment Planned

Source: www.gulfoilandgas.com 4/1/2016, Location: South America

The scheduled first quarter of this management investments achieved a performance of 99%, reported the CEO of YPFB, Guillermo Acha.

"In the first quarter, the investment by YPFB amounts to 783 million Bolivians, of 790.5 million committed (99% implementation), establishing management since the beginning of the basis for compliance with investment in the hydrocarbons sector referred in the Social Economic Development Plan , "he said YPFB executive.

he added that only in March, the state oil company executed 114 percent of its planned investment. 326.5 million Bolivians were allocated and 371 million Bolivians were executed.

QUARTER

Between January and March, in exploration, YPFB carried out the project magnetotelluric acquisition in North Aguarague area geographically located between the provinces Cordillera and Luis Calvo the departments of Santa Cruz and Chuquisaca, as part of the geophysical activity management scheduled for 2016.

the project 2D seismic acquisition in the area Beni Basin Rio Madre de Dios, in phase I, covering 950, 4 Km, reports concluded 100% of step data logging continues the processing stage 55% progress to date.

in the area of industrialization of hydrocarbons, plants and petrochemical, it is continuing with the construction of the Urea and ammonia plant and a cumulative 87.7% physical progress is reached, the 27 satellite stations regasification (first phase) and the acquisition of cryogenic tanks have a cumulative 74% physical progress confirming that the first quarter will one supply natural gas to 27 regions of the country, far from system pipeline Transportation.

in the gas networks and pipeline project moved forward in laying 48,100 meters primary network and 328,700 meters secondary network in the conventional system, allowing have achieved in the first quarter 20,000 new domestic gas networks, of which 2,300 correspond to the virtual system installations.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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