The development stages:Exploration drilling/2007-03,In production - under development/2014-06.The Quiriquire field was awarded in 1993 in the Ronda de Convenios Operativos tender. En February of 2011, Repsol YPF signed an agreement with state oil company PDVSA to produce gas in the field, which at that stage produced 13,000b/d. The contract runs out in 2013. The field is 840 square kilometers and proved reserves including liquids and gas are 145Mboe. Until 2001, 679 wells were drilled, of which 36 remain active. Repsol has said it will invest US$66mn in the field in 2012.