Find new gas reservoir in Chuquisaca – Times

Ed. Print GROWTH | will incorporate 3 million cubic meters of gas per day for the domestic market and for international

President Evo Morales yesterday in Chuquisaca, operates well machinery Margarita in July, kicking off its operations. – Abi Agency

Campo Margarita <- - End pub!> |

Nine years after the nationalization of hydrocarbons, President Evo Morales confirmed in the Chuquisaca Chaco yesterday the discovery of a new reservoir in the Margarita-Huacaya field.

The drilling of Margarita 7 (MGR-7) culminated in a major exploration success that allows the incorporation of a new gas reservoir Huamampampa formation (H3).

“This well is part of the exploratory policy YPFB and Phase II Development Plan Margarita-Huacaya field,” says a document released yesterday by the state oil company.

“It is a great joy that nine years of nationalization we are reporting on the incorporation of 3 million cubic meters per day (MCF) for the domestic market and the international market, which will allow economic growth” stressed Morales.

The announcement was made during a ceremony held in Margarita 7 course and marked the beginning of operations, and was attended by Vice President Alvaro Garcia Linera, authorities of the Plurinational Assembly, Oil Minister, Luis Alberto Sanchez, the president of YPFB, Guillermo Acha; President and CEO of Repsol, Antonio Brufau and Josu Jon Imaz, respectively.

The well reached a depth of 6000 meters, confirming the presence of gas in the exploratory objective Huamampampa (H3), which allows confirm a significant increase in Bolivian gas reserves.

Overall, the different reservoirs have a production of at least 3 MCF of natural gas, which will maintain and ensure full production of the 18 MMmcd .

“In the days leading up tests in the three reservoirs of the well, with this we can incorporate more than 3 MMmcd our availability of gas,” said Antonio Brufau and confirmed the delivery of 18 MMmcd “to YPFB’s can allocate to internal and external markets, seven months ahead of schedule. “

$ 293 million

The Spanish oil company Repsol announced yesterday at the Campo Margarita additional investments of $ 293 million through 2018, along with its partner British Gas (BG) and the Pan Anglo Argentina American Energy (PAE), and that will ensure the export of gas to markets in Brazil and Argentina

The president of Repsol, Antonio Brufau said in a speech in the coming days culminating in tests reservoirs well, but you can add more than three million cubic meters a day to the production of that area, which is now in 18 million cubic meters a day.

He said again demonstrated “with facts and successful society “consolidated with the Bolivian state, which he considers” a strategic partner for the importance of the Margarita-Huacaya project for Repsol and its partners worldwide “. Repsol said the finding also marks the beginning of Phase III of the development of the Margarita-Huacaya fields.

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