MARGARITA, Bolivia – Spain’s Repsol will be boosting output at its Margarita natural gas processing plant in southern Bolivia later this month, mainly for shipment to Argentina.
The company brought online a new module at the plant on Thursday, a month ahead of schedule, that will enable it to increase total gas output from the Margarita and Huacaya fields in three weeks from 10.8 million cubic meters (380 million cubic feet) per day to 15 million cmd, Repsol spokespersons told Efe.
The energy giant made the announcement during a visit by the international media, including Agencia Efe, to the Margarita field in the southern province of Tarija, where up to 85 percent of Bolivia’s natural gas reserves are located.
Repsol and partners British Gas and BP unit Pan American Energy are investing $640 million in a program that includes the building of the gas processing module, the drilling of four new wells and the construction of new pipelines.
Margarita and Huacaya are part of the Caipipendi block, which Repsol operates with a 37.5 percent stake. BG holds an identical interest, while PAE has the remaining 25 percent.
Argentina currently imports some 16 million cmd of Bolivian gas. EFE