Total launches Incahusai project in Bolivia
Total has announced the final investment decision (FID) for a first development phase of the Incahuasi gas and condensate field in Bolivia, following the successful drilling results of the ICS-2 exploration well. Located on the Ipati block some 250 km south-west of Santa Cruz in the Andean foothills, the development, operated by Total, will involve three wells (one on the Aquio block and two on the Ipati block), a gas treatment plant with a capacity of 6.5mn cm/d and associated export pipelines. First gas is expected in 2016, of which a large portion will be exported.
Total plans several more exploration and appraisal wells on the Ipati and Aquio blocks to prove the significant additional potential of the Incahuasi field. It also plans to commence exploration activities on the neighboring Azero block following the recent signature of an agreement with national energy company YPFB and Gazprom.
Present in Bolivia since 1996, Total operates the Aquio and Ipati blocks with a 60% participating interest, in association with Tecpetrol de Bolivia (20%) and Gazprom (20%, pending final administrative approvals). It also owns a 15% participating interest in the San Alberto and San Antonio blocks which supply natural gas mainly to Brazil, as well as a 41% participating interest in the Itaú field, which came onstream in 2011 and supplies gas to Argentina.
News Item details
Journal title: Petroleum Review
Region: Latin America
Countries: Bolivia -
Subjects: Oil and gas, Exploration and production
