According to official reports in late-August 2019, Bolivian subsidiary of Occidental Petroleum, Vintage Petroleum Boliviana, has signed a study agreement with state company YPFB to evaluate the potential of the Cedro, Florida Oeste, La Guardia, and Rodeo blocks. No details are available currently regarding the planned work commitment or amount of investment for the blocks.  Cedro, Florida Oeste, La Guardia, and Rodeo blocks are located on the Foothill Belt of Chaco Basin in the western part of Santa Cruz Department, covering 1,002 sq km, 153 sq km, 921 sq km, and 983 sq km of land, respectively.   Background Information  In 2019, Vintage Petroleum has been focusing on the Chaco Este area on the Foothill Belt of Chaco Basin in the northern part of Tarija Department after the company completed its Chaco Este X1 NFW well as an oil and gas discovery in the Chorro, Tupambi and Iquiri formations in December 2018.
Bolivian subsidiary of Occidental Petroleum, Vintage Petroleum Boliviana, has signed a study agreement with state company YPFB to evaluate the potential of the Cedro, Florida Oeste, La Guardia, and Rodeo blocks. No details are available currently regarding the planned work commitment or amount of investment for the blocks. 