PETROHOLLAND GROUPPETROHOLLAND GROUPPETROHOLLAND LIMITED has also invested in the oil and gas exploration in Bolivia and signed a contract with YPFB in 2008.
We have found natural gas in Bolivia to export through the Argentine gas pipeline.
We will export to European market by LNG tankers. Thus, industrialize Bolivian gas for fertilizer production.
The private company Petroholland Limited and Bolivian Fiscal Oilfields (YPFB) signed on Tuesday a first understanding agreement for Gas exploration and gas pipeline construction that will require an investment of one billion dollars from the Dutch government.
After signing of the pre-agreement between oil company president , Santos Ramírez, and René Kessels, representative of Petroholland Limited at the Hotel President in La Paz, the latter said that if the final agreement is finalized, the execution of the project will begin in August.
“This is an ongoing project”.
He added that the execution of the project consists of three stages; one referred to defining studies, another to approving them and a third to engineering tests to start gas exploration and construction, as a final project, of a gas pipeline for the export of energy.
According to Kessels, since it is an international project, the investment, which will be financed by the Dutch government, also involves the state-owned company Energía Argentina S.A. (Enarsa), about which he did not give further details.
He stressed that the gas exploration areas will be designated by YPFB.
“The size of the business is macro (…) there are two state companies involved, such as our private company Petroholland, with investments from the Netherlands (…) we have signed a memorandum of understanding that is step one to make the investment” Kessels maintained.