Papers - - Produciton - Foreign - Petroleum Development and Production in Bolivia

There are three main oil areas in Bolivia (Fig. 1) although so far only one has yielded petroleum in commercial quantities. The Sub-Andean zone is along the easternmost ranges of the Andes, bordering the large eastern and northeastern lowlands. It extends from the Peruvian frontier, north of Lake Titicaca in a southeasterly direction towards the city of Santa Cruz and from there southward to the Argentine border. This zone forms a belt about 1200 km. long by 100 km. wide, and comprises a series of parallel, very rugged, low ranges. Oil has been known and utilized by the natives in these regions since colonial times, from the large number of seepages, which in modern times have led to the discovery of many fields. The second oil zone of Bolivia lies along the eastern and southern borders of Lake Titicaca, on the Andean high plateau, at an average altitude of 13,000 ft. above sea level. It comprises an area of approximately one million hectares (2,470,000 acres). Several seepages are known here, but little development has taken place, because of the difficulties encountered, as the greater part of the territory is covered by volcanic tuffs and ashes, which conceal the structure underneath. The third area is called the "Central zone," and is in the heart of the country, in the Department of Cochabamba, covering approximately five million hectares (12,350,000 acres). This area consists mainly of broad valleys flanked by low rolling ranges. Natural seepages are not known to exist, but there are secondary evidences of the presence of oil. The outcropping rocks are mainly Paleozoic (Silurian and Devonian sandstones and shales). Albertite and other forms of polymerized petroleum have been found in this region. Of these three main oil areas, only the first one is at present productive on a small commercial scale. This zone, developed almost exclusively by the Standard Oil Co. of Bolivia, a subsidiary of the Standard Oil Co. of New Jersey, is divided from south to north into the following local fields: 1. Bermejo (On the Argentine border) 3. Sanandita 5. Camatindi 2. San Telmo 4. Caigua 6. Machareti