Project Profile
Value: undisclosed
Location: Guárico State, Venezuela
Production: 300 million cubic feet per day
Start-up Year: 2004
Depth: -
Total with its partners Repsol, Inepetrol and Otepi, having taken the final investment decision for a new development phase of the Yucal Placer gas field, operated by Ypergas and located in Guárico State, Venezuela. The production capacity of this field, which came on stream in 2004, will be increased as soon as in 2012 and will ultimately reach a plateau at around 300 million cubic feet per day, which corresponds to three times the current production. The sanction of this major expansion project follows the signature of an addendum to the gas sales and purchase agreement between Ypergas and PDVSA Gas. The project will significantly increase the gas resources available to supply the domestic Venezuelan market which is experiencing strong growth. Ypergas, a combine of Total, Repsol, Inepetrol, and Otepi, operates Yucal Placer field. Total Oil & Gas Venezuela has a 69.5% interest in the Yucal Placer Norte and Yucal Placer Sur licenses and a 37% interest in Ypergas
Operators:
Ypergas: Operator
Total: With 69.5% interest
Repsol
Inepetrol
Otepi