- Title: Bolivia gas reserves grow slightly to 10.7 trillion cubic feet
- Date: 29th August 2018
- Summary: LA PAZ, BOLIVIA (AUGUST 29, 2018) (REUTERS) ***WARNING CONTAINS FLASH PHOTOGRAPHY*** EXTERIOR OF STATE-CONTROLLED OIL COMPANY, YPFB SIGN FOR YPFB VARIOUS OF NEWS CONFERENCE OF BOLIVIAN MINISTER OF HYDROCARBONS, LUIS ALBERTO SANCHEZ, AND PRESIDENT OF YPFB, OSCAR BARRIGA, AND REPRESENTATIVES OF FOREIGN CONSORTIUM (SOUNDBITE) (English) PRESIDENT OF SPROULE INTERNATIONAL LTD, CAMERON PHILIP, SAYING: "10.7 tcf plus probable reserves of 12.5 tcf and proved plus probable plus possible reserves 14.7 tcf. Total liquids reserves, which include oil, consate and natural gas liquids, total proved reserves of 240.9 million barrels, total proved plus probable 297.7 million barrels and total proved plus probable plus possible of 376.1 million barrels." GENERAL VIEW OF NEWS CONFERENCE MEDIA SIGN FOR YPFB (SOUNDBITE) (Spanish) BOLIVIAN MINISTER OF HYDROCARBONS, LUIS ALBERTO SANCHEZ, SAYING: "We guarantee 14.5 years and 17.1 years with the current conditions that we are producing today, around between 58 and 50 million cubic meters."
- Embargoed: 12th September 2018 19:56
- Keywords: gas reserves Sproule International Ltd Canada
- Location: LA PAZ AND TARIJA AND SANTA CRUZ, BOLIVIA
- City: LA PAZ AND TARIJA AND SANTA CRUZ, BOLIVIA
- Country: Bolivia
- Topics: Economic Events
- Reuters ID: LVA0018V8RUPV
- Aspect Ratio: 16:9
- Story Text: Bolivia's proven natural gas reserves grew slightly to 10.7 trillion cubic feet as of the end of 2017, Sproule International Ltd, the Canadian company in charge of certifying the country's gas reserves said on Wednesday (August 29).
The last time Bolivia had certified its reserves was in 2013, when another Canadian company, GLJ Petroleum Consultants found 10.45 trillion cubic feet in proven gas reserves, and 3.5 trillion cubic feet in probable reserves and 4.15 trillion in possible reserves.
Since then, the Bolivian government and the state-controlled oil company YPFB have launched exploration projects backed by millions of dollars in international investments.
In addition to the 10.7 trillion cubic feet in proven gas reserves, Sproule president Cameron Philip said the country had 12.5 trillion probable reserves and 14.7 trillion possible.
Including probable reserves, Bolivia has an estimated 17.1-year supply of natural gas, Philip said.
Gas consumption in Bolivia is between 0.7 trillion and 0.8 trillion cubic feet annually, including the internal market and exports to Brazil and Argentina, according to the oil and gas ministry. - Copyright Holder: REUTERS
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