Economy

Current gas project at Boyuy field is not profitable. More exploration is needed

The project to exploit gas at the Boyuy field in Bolivia has failed. According to the former Hydrocarbons Minister, Alvaro Rios, the 8,000-metre-deep well contains gas, but its exploitation would not be profitable. There will be new perforations and more tests to find new gas reserves in the country. Spanish Repsol now focuses its attention on starting to drill the well Boicobo located in the Caipipendi block where the Boyuy well is also seated. The Spanish company plans to work in another deep well located in the Margarita block in 2020.

Read More

Source: Página Siete

Categories:Economy