INSUBCONTINENT EXCLUSIVE:
The state-owned company YPFB reported a 50% decline in certified reserves since 2018
Current reserves stand at 4.5 trillion cubic feet (TCF), down from 8.95 TCF in 2018.YPFB President Armin Dorgathen blamed this steep drop on
Previous certification errors, overconsumption, and poor reserve management all contributed to the decline
Dorgathen revealed a startling truth about past reserve estimates
They implemented consecutive certifications by different companies for the first time
Ryder Scott reported 4 TCF in 2022
DeGolyer and MacNaughton certified 4.5 TCF in 2023
Dorgathen highlighted a certified potential of 30 TCF of undiscovered gas across the country
The Mayaya project in northern La Paz alone could yield 6.7 TCF
Seventeen of these have already shown positive results
It underscores the need for energy independence and responsible resource management
Transparent certifications and focused exploration efforts will be crucial moving forward
With careful planning and execution, the country can tap into its vast potential
