Bolivian President Welcomes Gas and Oil Discovery in Santa Cruz Department

The president stressed that the discovery corresponds to a national project developed by the Bolivian oil company "with its own equipment."

RIO DE JANEIRO, BRAZIL - Bolivian President Luis Arce on Sunday welcomed the discovery of gas and oil through exploratory drilling of the Yarara X1 well in the department of Santa Cruz by the state company Yacimientos Petroliferos Fiscales Bolivianos (YPFB).

The president stressed that the discovery corresponds to a national project developed by the Bolivian oil company "with its own equipment."

The Bolivian oil company announced on Saturday, Decemer 19th, that, after conducting tests, they successfully drilled to a final depth of 2,850 meters, where the presence of hydrocarbons was revealed in the Yarara X1 well. The project will . . .

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