The new natural gas reservoirs Icla and Huamampampa H3 well Margarita 7, which was opened yesterday, will allow the company Repsol Bolivia deliver to YPFB 3 million cubic meters per day (MCF) more fuel for they are incorporated into domestic and foreign markets.
The Margarita 7 well is in the province Luis Calvo in the department of Chuquisaca. According to the initial program of the Spanish oil company, the goal was to reach the training Huamampampa H1b was at a depth of 4,750 meters, but then went further and reached new Icla and H3 Huamampampa reservoirs located between 5100 and 5856 meters, according to Repsol Bolivia.
For the opening of this well a special event, which was led by President Evo Morales and the president of Repsol, Antonio Brufau was performed. The latter confirmed the fulfillment of the commitment with Bolivia on behalf of the company and its partners, through the contract signed with YPFB (YPFB).
A Morales also accompanied Minister of Hydrocarbons and Energy, Luis Alberto Sanchez; the president of the state oil Guillermo Acha, plus executives Repsol, BG Bolivia and SAP. “There are three reservoirs. The scope of this well was actually H1b, but with coordination and technical assessment of YPFB and Repsol gave the order to continue to Icla and then to H3, so this sand pit with two proven increase 3 million cubic meters with the possibility of testing in coming weeks, “Sanchez said.
The Minister of Hydrocarbons and Energy said that the 3 MCF represent 0.8 trillion cubic feet (TCF by its acronym in English), equivalent to one year’s consumption of natural gas in the country, both for internal and external market. “We have built reserves,” he said.
With a thickness of over 120 meters sand, Icla reservoir, discovered as a result of additional exploration activity has proven higher production capacity MMmcd to 1.5.
The drilling of seven Margarita began in September 2013 and concluded in March this year. These tasks and putting them into production will have a total cost of US $ 113 million. A drilling rig company Petrex was used during work and a number of new technologies to optimize drilling times and ensuring a longer life of the well, projected to 20 years were included.
Repsol E & P Bolivia SA (Repsol Bolivia) and its partners, BG Bolivia Corporation Sucursal Bolivia and PAE E & P Bolivia Limited Sucursal Bolivia, signed in December 2014 an extension of its delivery agreements and currently are producing 18 MCF, a volume that was initially scheduled for January 2016.
The extension of the delivery agreement signed in December 2014 includes drilling two new wells from this year (Margarita Huacaya 2 and 9); improved surface facilities and the expansion of the processing capacity of the plant Margarita. These projects mark the beginning of Phase III of the Margarita-Huacaya development.
Delivery market
term
Repsol Bolivia this newspaper reported yesterday that 3 MMmcd be delivered to the market in about three months as remaining surface facilities make for YPFB to distribute them to domestic and foreign markets.
Repsol seeks to extend contract Caipipendi
The president of Repsol, Antonio Brufau, announced yesterday that his company is willing to extend their agreements in the area of contract Caipipendi, where they are the Margarita and Huacaya fields (Tarija and Chuquisaca, respectively) for new business.
“We are already here and it is our will stay for a long period. Today we reiterate our intention to extend our contract and our interest Caipipendi realize new business units both in the area of development and exploration of hydrocarbons, “Brufau said President Evo Morales at the opening ceremony of the well Margarita 7.
In this well the Spanish Repsol Bolivia is the operator and has a 37.5% stake, BG Bolivia PAE another 37.5% and the remaining 25% .
The decision to invest in members of Caipipendi Consortium was ratified before YPFB and represents a continuation of the work done since 2010, when the Margarita-Huacaya project began, in which the two early stage investment of US $ 1,250 million was completed, and until now allowed to multiply eight times the production of these fields, as Repsol Bolivia.
The Margarita and Huacaya fields together form operating area with an area of 123,000 hectares, where there are nine date, with a depth of between 4,000 and 6,000 meters-, which were drilled between 1998 and 2013 wells Daisy plant began operations in 2004. The Margarita hole 7 is part of the field of the same name which was discovered in 1998. It is part of the contract area Caipipendi.
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