Repsol in Bolivia

View of a cable car over a city in Bolivia

Exploration and production of oil and natural gas

Since our arrival in Bolivia, we have developed operations that encompass oil and natural gas exploration and production activities, always operating in accordance with the strictest sustainability and safety criteria, based on international standards, including ethical, environmental, and social considerations in our decision-making, based on dialogue with stakeholders globally and locally.

Map of facilities and main figures

Main project

Caipipendi block

In 2016, the operating agreement for Caipipendi (site of the Margarita-Huacaya field), one of the largest gas blocks in the world, was extended for an additional 15 years, until 2046. The new plans for this energy project, one of the largest in Latin America, include the implementation of an exploration, development, and exploitation program in Boyuy and Boicobo Sur, to the south and north of Caipipendi.

Committed to growth

We create projects that foster community development, health, education, and productive development, and we conduct environmental studies in the Parque Nacional Aguarague area.

Repsol in Bolivia. Repsol volunteers cooking and serving food

Bolivia: A meal, a future

The UN World Food Program (WFP) supports development projects that provide emergency food in the event of natural or man-made disasters. Through the Repsol Foundation, our Company develops nutrition education and school food projects in Bolivia for the most vulnerable individuals.

Repsol in Bolivia. Several people chatting on a plantation

Communities and local development

We have developed socio-environmental monitoring in four municipalities and five Guaraní district councils in Bolivia in order to contribute to economic and social development in our areas of influence. There is constant dialog between the company and the indigenous organization.

Learn more about socio-environmental monitoring

Caipipendi project

Since 2004, we have been an operator of reference in the exploration and exploitation of hydrocarbons in Bolivia, being involved in some of the largest discoveries in the country, such as the Margarita-Huacaya Field, located in the Caipipendi Area.

Learn more about the project

Repsol in Bolivia. Aerial view of a town beside a lake.

Potable water

In collaboration with the Entre Ríos Municipality Government, we developed a project aimed at improving the quality of the drinking water service for more than 7,000 people in Isarzama in the Cochabamba district. This leads to reducing the risk of contracting stomach and intestinal diseases due to drinking and using water.

Sustainability

Our regulations and procedures are organized around our Sustainability Model, including the most significant environmental, social, and governance issues that have been identified as a result of ongoing dialogue with our stakeholders and is a feature of our decision-making.

SDGs

Since 2007, Repsol E&P Bolivia S.A. has been committed to promoting the Ten Principles of the Global Compact, involving a series of actions that allow the development of its objectives.

Artisans of the Kunya Mburuvicha community

Relationship with communities

Our global committment to Human Rights is reflected by us acting in accordance with our Human Rights and Community Relations Policy. We have a Relationship Management System.

Technician carrying out depressurization of equipment in a facility

Safety and environment

We focus on safety and environmental criteria throughout the life cycle of activities with the aim of preventing damages to people, goods, and minimizing the impact on the environment, with our indicators within the best industry standards globally.

Biodiversity

We raise awareness on biodiversity among our own staff, contractors, and members of the local community, carrying out monitoring of the biodiversity during projects.

Detail of the screen of an emissions measure

Emissions management

In Bolivia, we have been working intensively on the improvement of our emissions inventories and the execution of greenhouse gas emissions reduction projects.

People and organization

The people who make up our team are our greatest differential value to ensure the future of the company. We have an equal opportunities policy, valuing generational, cultural, gender, and ability diversity.

Stake in YPFB Andina S.A.

Through Repsol Bolivia S.A., we take part in a public-private management model together with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), as shareholders of YPFB Andina S.A., an important company in the sector.