Project Profile
Value: US$1.6 billion (US$112 million - Huacaya II field)
Location: Tarija region, Caipipendi block, southern Bolivia
Reserves: 85 bcm (Caipipendi block)
Production: 19 mcm of gas per day, Margarita field (2.3 mcm per day, 2017)
Area: 123,000ha
Start-up Year: 2015 (third phase)
The Caipipendi block, where the Margarita and Huacaya fields are located, is operated by Repsol with a 37.5% stake, while partners Shell and Pan American Energy hold a 37.5% and 25% stake, respectively. The two fields currently produce 2 million cmd (70.5 million cfd), but output will rise to 8 million cmd with new investment. Repsol has announced the expansion of its new Margarita gas processing plant in the Tarija department in Bolivia with an investment of US$640m. In 2015, the Margarita-Huacaya project has concluded its third phase. The project has reached a record output of 19 million cubic metres of gas per day, equivalent to more than 30% of Bolivia\'s total. The development plan for the Margarita-Huacaya area, located in the department of Tarija in southern Bolivia, is a key project for Repsol. There are currently seven producing wells, with an additional one to come on stream before the end of 2015.
Operators:
Repsol YPF: Operator wirth 37.5% interest
Shell: 37.5% interest
Pan American Energy: 25% interest
Contractor:
Consortium for plant expansion:
Bolinter
Inesco
Tecnicas Reunidas:
TECNA: FEED contract