Recent production tests at the Sirari West X1 exploratory well, located in the municipality of Yapacaní, have confirmed a daily flow rate of around 300 barrels of oil. These tests, carried out by YPFB Andina, followed the completion of drilling activities targeting the Sara sandstone within the El Carmen formation.
The SIR-WX1 project is situated to the west of the existing Sirari field. It focused on exploring deeper levels of the El Carmen formation. Investment in this exploratory prospect totaled approximately $13 million. Drilling operations for the SIR-WX1 well commenced on December 12, 2024, utilizing the YPFB – 01 rig, which has a power capacity of 1,500 HP. The well reached a final depth of 3,800 meters and is part of the Upstream Reactivation Plan.
The oil discovered is characterized as heavy crude. Plans are in place to transport this production to domestic refineries for processing into products like diesel and gasoline. This new volume contributes to the nation’s internal supply needs and helps fulfill existing energy commitments. Local representatives from the Yapacaní municipality have highlighted the significance of this production discovery, anticipating an increase in royalty revenues that can be directed towards funding health and education initiatives in the area.
Looking ahead, YPFB Andina has outlined a strategic focus for the current year centered on exploring new geological areas. The objective is to incorporate additional hydrocarbon reserves and boost overall production levels. The company plans to invest $92.3 million during this period specifically in activities related to development, exploration, and infrastructure improvements. Currently, YPFB Andina is managing 16 projects within areas under Service Contracts and is actively evaluating six potential new exploration areas. Furthermore, efforts are underway to establish collaborative agreements through memorandums of understanding in promising regions such as the Llanura Chaqueña and Madre de Dios
