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News // Oil and gas worldwide

PDVSA Starts Drilling in Bolivia

28 January 2009 , 11:59Ksenia Kochneva504
Drilling began in the Vibora field, roughly 170 kilometers north of Santa Cruz, with the aim of increasing production of oil and gas in the Andean country, PdVSA said in a statement.

PdVSA PDV 08, a 2,000-horse-power drill, is one of several Chinese rigs the company purchased in its attempt to rely less on U.S. equipment.

President Hugo Chavez has cemented strong ties with Bolivia's Evo Morales and has vowed to help the Bolivian president develop the country's oil and gas industry.

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