With A Goal Of Producing 30 Million Cubic Meters Of Gas Per Day, Petrobras Invests US$ 40 Million In Natural Gas In Bolivia To Strengthen The Fertilizer Sector!

Written by Roberta Souza

Published on 10/07/2024 at 13:27

foto/reprodução: carta capital

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Project Aims to Drill Well in San Telmo Norte, Increasing Natural Gas Production to Meet Brazil’s Growing Industry Demand!

A Petrobras announced an ambitious investment plan in Bolivia, aiming to increase natural gas production and meet the growing demand of the fertilizer sector in Brazil. During the Bolivia-Brazil Business Forum held in Santa Cruz de La Sierra, Petrobras president Magda Chambriard revealed that the company is ready to invest about US$ 40 million in drilling a new well in the San Telmo Norte area of Tarija state. This strategic investment, made through the Petrobras Bolivia subsidiary, promises to strengthen the energy partnership between the two countries, according to cartacapital.

Expansion of Natural Gas Production

The new undertaking, which is still awaiting approval from environmental agencies, aims to explore the potential of natural gas reserves in San Telmo Norte. It is estimated that the area could recover at least 76 billion cubic meters of gas, a significant volume to meet both the Bolivian domestic market and Brazilian needs. During the forum, Chambriard emphasized that Petrobras previously produced 9 million cubic meters per day in Bolivia, but intends to increase that number to 30 million cubic meters per day. “We want to return to these production levels to supply gas at affordable prices for fertilizers and petrochemicals in Brazil,” the executive stated.

Strategic Importance for Brazil

Petrobras’ decision to invest in Bolivia reflects the importance of natural gas for the Brazilian industry, especially in the fertilizer sector. Brazil, one of the world’s largest agricultural powerhouses, heavily relies on fertilizer imports. With the increase in natural gas production in Bolivia, Petrobras hopes to ensure a stable supply at competitive prices, essential for enabling the resumption of fertilizer production in the country. Additionally, the growing demand for natural gas in Brazil makes Bolivian reserves a viable and strategic option for expanding this market.

ARTICLE CONTINUES BELOW

Brazil-Bolivia Partnership: Challenges and Opportunities

Despite the challenges, such as the need for environmental approvals and the decrease in gas production in Bolivia in recent years, the partnership between Brazil and Bolivia remains strong. Petrobras Bolivia currently operates in seven areas in the Andean country, accounting for about 25% of total gas production. However, the future scenario presents opportunities, such as the potential reversal of pipelines to transport natural gas from Argentina to Brazil via Bolivia. “We are committed to exploring new opportunities and strengthening the energy integration between our countries,” emphasized Chambriard.

Additional Investments and Outlook

In addition to Petrobras’ investments, other Brazilian companies are also expanding their operations in Bolivia. Fluxus, the oil and gas subsidiary of the J&F group, announced an investment of US$ 100 million by 2028 to increase production in three recently acquired fields. This move reinforces confidence in the potential of Bolivian reserves and the country’s ability to continue being an important supplier of natural gas to Brazil. “We believe in the Bolivian market and are ready to make the necessary investments to ensure a sustainable energy future,” concluded Chambriard.

Therefore, Petrobras’ investments in Bolivia not only promise to increase natural gas production but also strengthen the bilateral relationship between the two countries and ensure the sustainability of the fertilizer industry in Brazil. With an eye on the future, Petrobras is prepared to face challenges and seize the opportunities that arise along the way.

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Manoel Argolo

#22719

13/07/2024 16:01

O Lula NÃO pode cometer o mesmo erro que cometeu quando a Petrobrás investiu para explorar gás na Bolívia que havia sido descoberto por empresas americanas, porém como o seu envio para os EUA ficou inviável… eles transferiram para a Petrobrás. Algum tempo depois o Evo Morales ocupou militarmente as refinarias da Petrobrás e obrigou que fossem vendidas a preços baixissimos.
Para entrar de novo na Bolívia só depois de criarmos uma força militar em condições de invadir e ocupar a Bolivia e obrigá-la a cumprir os acordos.

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Clovis Alexandre

#22698

13/07/2024 15:13

No passado confiscaram nossa Refinaria, agora irão levar mais 40 milhões de dólares!

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Antonio Eduardo Fernandes

#22615

13/07/2024 12:48

Sim, a Petrobras tem que investir em Fertilizantes, um país AGRO, onde a agricultura movimenta Bilhões não pode ser vítima de Multinacionais, e a Bolívia sempre foi parceira da Empresa por mais de Trinta anos.

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With A Goal Of Producing 30 Million Cubic Meters Of Gas Per Day, Petrobras Invests US$ 40 Million In Natural Gas In Bolivia To Strengthen The Fertilizer Sector!

Project Aims to Drill Well in San Telmo Norte, Increasing Natural Gas Production to Meet Brazil’s Growing Industry Demand!

Expansion of Natural Gas Production

Strategic Importance for Brazil

Brazil-Bolivia Partnership: Challenges and Opportunities

Additional Investments and Outlook

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With A Goal Of Producing 30 Million Cubic Meters Of Gas Per Day, Petrobras Invests US$ 40 Million In Natural Gas In Bolivia To Strengthen The Fertilizer Sector!

Project Aims to Drill Well in San Telmo Norte, Increasing Natural Gas Production to Meet Brazil’s Growing Industry Demand!

Expansion of Natural Gas Production

Strategic Importance for Brazil

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Additional Investments and Outlook

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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