A new hope for having national hydrocarbons began over the weekend. After six years of inactivity, President Energy Py S.A. started drilling its third well in the Boquerón, Paraguayan Chaco department last Friday at 7:00 PM.
Photo credits: Ministry of Public Works and Communications (MOPC).
Asuncion, Agencia IP.- A new hope for having national hydrocarbons began over the weekend. After six years of inactivity, President Energy Py S.A. started drilling its third well in the Boquerón, Paraguayan Chaco department last Friday at 7:00 PM.
The Vice Minister of Mines and Energy of the Ministry of Public Works and Communications (MOPC), Mauricio Bejarano, traveled to the site to sign the start-up certificate for the works in the so-called Block 6, which they have under concession, and whose coordinates are listed in the hydrocarbon cadastre of the Deputy Ministry.
As reported by the Vice Minister, initially, the company plans to go up to 3,750 meters with this well, which they named Tapir I, within 45 days. «The certainty of what is there may be sooner or later, depending on their decision to continue. They go to that depth because the prospect they are targeting is there,» he explained.
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