LA PAZ – The natural gas well that Repsol YPF discovered at the end of 2007 in the southern Bolivian province of Chuquisaca is expected to yield 800,000 cubic meters (28.2 million cubic feet) per day, officials from the Spanish company told Efe on Friday.
According to tests that have been carried out since 2008 and are still ongoing, the flow rate from the Huacaya well could total roughly 0.3 trillion cubic meters per year, equivalent to 1 percent of Spain's annual consumption.
That expected level of production would be comparable to the output of Bolivia's Margarita gas deposit, which is located in the southern region of Tarija and also operated by Repsol.
The Huacaya well - in which Repsol (the consortium operator) and British Gas each have a 37.5 percent stake and Panamerican Energy owns 25 percent - is located some 700 kilometers (435 miles) south of La Paz in Chuquisaca province.
Bolivian President Evo Morales and Repsol YPF officials announced the discovery of this gas well in December 2007. EFE