The Spanish oil company Repsol announced Friday the discovery of three natural gas reservoirs southeast of Bolivia, along with Britain’s BG and Argentina’s Pan American Energy (PAE ), which will allow the country to ensure its exports to Argentina.
The company made the announcement at a public event in the region of Huacaya, southeast of Bolivia, where the main reserves-are. President Evo Morales and other officials attended the ceremony.
Drilling a well, the Margarita-7, allowed to find the three reservoirs.
“In the days leading up tests in the three reservoirs Well, with this we can incorporate more than 3 million cubic meters per day to our availability of gas, “said Repsol Chairman Antonio Brufau.
Repsol-BG-PAE consortium operates the Margarita-Huacaya block where new reservoirs, the private group that will increase production by 3 million cubic meters per day (MMCD) of natural gas.
“We are pleased to confirm you that today we are delivering 18 MCMD for YPFB to be allocated to the internal and external markets, “he added.
Bolivian natural gas production is around 60 MCMD, of which 31 MCMD go for the Brazilian market, 18 MCMD for Argentina and the balance is consumed internally.
Production Margarita-Huacaya block, operated by Repsol (37.5%), BG (37.5%) and PAE (25%), is primarily intended for Argentina and the domestic market.
Investments consortium international oil, projected from 2014 to 2016 are 350 million, for the development of mega-fields between the departments of Tarija and Chuquisaca (southeast), the richest in the country.
hydrocarbons minister Luis Alberto Sanchez , he said that the new findings increased gas reserves in Bolivia to ensure markets.
“plan (the Bolivian state oil company) YPFB is that certification to 2013 was 10.45 trillion cubic feet (TCF ). The challenge is that in 2020 we certify over 15 TCF and can guarantee (reserves) for about 20 years, “he said.
Morales, who nationalized Repsol in 2006 its gas reserves, he said that” companies want to serve are welcome “and reiterated that his country wants” partners and not owners of our “natural. resources
Bolivia did the same with a dozen oil companies.
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