The figure was completed with the site opened since Friday by the British company President Energy in the Boquerón department, in the northwestern Chaco region, the third site after two excavations in 2014, the official added to the radio station Monumental 1080 AM.
Bejarano, when asked about the alleged amount of fuel production after drilling resumes after a six-year break, explained that to determine the volume of a deposit “the reserve must be certified and it would be irresponsible to determine production beforehand.”
According to the Vice Minister of Mines, the number of Paraguayan wells in locations where previous surveys have shown the presence of fuel is “relatively small” compared to neighboring countries and other parts of the world.
“It is the third well in this block,” he commented, “and for the Paraguayan state it is encouraging and a joy that exploration activities are resuming after many years.”
The national geological basins are home to eight previous wells that have also explored for oil, such as this one drilled Friday, which will require a $15 million investment.
Paraguay – says Bejarano – began its search for oil a long time ago, when natural gas was not yet of great value.
The British company President Energy is drilling its third well in the above-mentioned region, where previous investigations have revealed the existence of the fuel, the head of the Department of Public Works and Communications added.
Specialists from this Anglo-Saxon hydrocarbon exploration, evaluation and production company with a focus on South America estimate that this third well will reach a depth of 3,750 meters within 45 days.
“The certainty of what is in this area can be determined when the company's specialists decide to move forward. They calculate this depth because it is indicated by the view they are based on,” commented Bejarano.
“After six years without any exploration and prospecting activities – he explained – a new process begins and we hope that this company achieves good results and the expectations come true so that the country can have national hydrocarbons and not be dependent on other countries. “
Previous studies of the area, such as those by Paraguayan Richard Kent, cite data from international sources and speculate that Paraguay has “large oil and gas reserves.”
This third well from the British company is named Tapir I, in honor of one of the mammals that live in the Paraguayan Chaco.
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