Weekly Report - 23 October 2014 (WR-14-42)

BOLIVIA | Drilling new gas wells. President Evo Morales inaugurated the perforation of a new natural gas well by the state-owned oil firm, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), in the Chapare area of the central department of Cochabamba on 14 October. The drilling of the ‘Bulo Bulo 16’ well is being carried out by one of the three new Chinese-made drills recently purchased by YPFB (for a total of US$60m) as part of its efforts to boost exploration and production activity.

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