Project Profile
Value: Undisclosed
Location: Block 16 and Tivacuna production areas
Capacity: 100,000 b/d
Repsol-YPF operates block 16 and plans to ramp up production to 100,000 barrels a day (b/d) by 2006. The block currently produces about 57,000b/d.
Operators:
Repsol YPF: Operator with 35% interest
OPIC: 31% interest
Tiptop Energy Ltd (Sinopec subsidiary): 20% interest
Sinochem a 14% interest.
Contractor:
Baker Hughes: Supply and maintenance of electrical submersible pumping (ESP) systems