Bolivia's YPFB Selects Engineering Firm for GTL Plant Project Scope

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Researched by Industrial Info Resources (Cordoba, Argentina)--This month, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) (La Paz, Bolivia) plans to select a company to perform the project scope for a grassroot gas-to-liquids (GTL) plant in southern Bolivia. YPFB, a state-run oil company, will conduct the process through an international tender.

Originally included in YPFB's 2009 Business Plan, the plant is designed to process 150 million standard cubic feet per day of natural gas to produce 12,750 barrels per day (BBL/d) of diesel and 2,250 BBL/d of naphtha. The investment needed to construct the plant will be $500 million.

The project is currently in a site study phase. YPFB plans to select an engineering firm to begin preliminary design in the middle of the year, and it is expected to receive capital approval by the end of 2014. Construction will begin in second quarter of 2015, after the project contractor is selected, with a completion date that could vary from two to three years.

Through this project, YPFB will become the first company in South America to build a GTL plant. YPFB is now subsidizing more than $500 million in diesel to the Bolivian internal market. A new GTL plant will allow the company to reduce costs and will allow the Bolivian government to reduce its fuel imports.

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