Bolivia confirms new gas find at fields managed by Repsol-led consortium

Sep 16, 2015 12:00 AM

President Evo Morales has confirmed the discovery of new natural gas reserves at two adjacent fields in southern Bolivia that are managed by a consortium led by Spanish oil major Repsol.

Photo - see caption
Location of Caipipendi block (Source: BG Group)

The Margarita and Huacaya fields are located in the Caipipendi block, in which Repsol and Britain's BG Group each has a 37.5 percent stake and Anglo-Argentine oil company Pan American Energy holds a 25 percent interest.

The new gas reserves are located at a depth of 6,000 meters (19,670 feet) in geological formations that Repsol calls H3 and H1C, although studies must be conducted to determine their production potential, the dailies La Razon and Correo del Sur reported.

Caipipendi, Repsol's main natural gas-production project in Bolivia, yields around 18 million cubic meters (634.4 million cubic feet) per day of that fossil fuel for export to Brazil and Argentina and for domestic consumption.

The latest study of Bolivia's proven natural gas reserves, published in 2014, showed they amounted to 10.45 trillion cubic feet, sufficient to last until 2023 at the current rate of consumption.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« May 2019 »
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events