One of the largest gas blocks in the world
Repsol will multiply sevenfold its production in Bolivias Caipipendi block
Press Release
26/11/2009 00:00
- Repsol's Chairman, Antonio Brufau, and Bolivia’s President, Evo Morales, reached an agreement to develop this block with resources of 3.7 Tcf (equivalent to three years of Spanish gas demand).
- Antonio Brufau and Evo Morales emphasised the atmosphere of mutual understanding and cooperation in one of Latina America’s biggest energy projects.
- Repsol will raise its gas production sevenfold to reach a daily production of 14 million cubic meters in 2013.
- The company will invest 400 million euros in developing Caipipendi until 2013.
- The Caipipendi block includes the Margarita and Huacaya fields, the latter being one of the five largest gas discoveries worldwide in 2008.
26 November 2009 - 09:00 CET | PDF | 101.35 KB