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Bolivia
BG Group has interests in six exploration and exploitation
licences in Bolivia. BG Group operates three gas areas,
which include six fields, and holds a participating interest
in another three areas, which include two of the largest
discovered natural gas condensate fields in the country,
Margarita and Itau.
Areas of operation
Key dates
Caipipendi
BOLIVIA
TARIJA
XX Tarija West
VILLAMONTES
ARGENTINA
1998 Margarita discovered
1999 Itau field discovered
2004 First production from Margarita
Early Production Facility
2006 Supreme Decree (No. 28701/6)
on Nationalisation issued
New Operations Contracts signed
2007 New contracts approved
by Congress
Successful drilling of Huacaya X-1
well in Caipipendi Block
2008 Declaration of Commerciality
on Huacaya and Palo Marcado
discoveries
2009 Declaration of Commerciality
issued on the XX Tarija West block
Charagua
La Vertiente
XX Tarija East
XX Tarija East
Los Suris
PARAGUAY
Key to operations
Gas
Oil
Gas pipeline
Oil pipeline
BG Groupoperated
block
BG Group
non-operated block
0 100km
Bolivia: BG Group 3 year production
Total production mmboe (net)
6.0
4.5
3.0
1.5
0.0
Oil & liquids
Gas
5.3
2006
5.5
2007
5.7
2008
Following congressional approval in 2007,
new Operations Contracts became effective,
replacing the Shared Risk Contracts. Gas
and liquids are delivered to the National Oil
Company, YPFB, from fields in the La Vertiente,
Los Suris and Caipipendi blocks to supply
Brazilian, Argentine and domestic markets.
OPERATED BLOCKS
La Vertiente
The 375 square kilometre La Vertiente
exploitation block contains the La Vertiente,
Escondido and Taiguati gas fields. BG Group
is in the process of obtaining an environmental
permit to drill up to two new wells in the
Taiguati Field and has recently drilled two
new production wells, EDD8 and LVT 12, in
the La Vertiente block. Production from these
fields is processed at the La Vertiente plant
and the natural gas and stabilised condensate
are delivered to YPFB for subsequent marketing.
Los Suris
The 50 square kilometre Los Suris
exploitation block contains the Los Suris
gas field. Production from this field is
processed at the La Vertiente plant.
XX Tarija East
The 151 square kilometre XX Tarija East licence
area contains two discovered gas fields,
Ibibobo and Palo Marcado. YPFB approved
the Declaration of Commerciality for Palo
Marcado in December 2008, all permits are
in place and development is underway.
NON-OPERATED BLOCKS
Caipipendi
BG Group has a 37.5% share in this block,
which contains the large Margarita gas
field lying in the 874 square kilometre
Margarita exploitation area. In 2007, a new
discovery was made in the northern part of
this block with the successful drilling of the
Huacaya X-1 well. In 2008, the partnership
issued a Declaration of Commerciality in
respect of this discovery.
XX Tarija West
BG Group has a 25% interest in the XX Tarija
West block, which contains the Itau gas field
in respect of which a commercial declaration
was made in 2009.
Charagua
BG Group has a 20% interest in the
992 square kilometre Charagua Block,
which contains the Itatiqui Retention Area.
BG Group Data Book 2009
33
AMERICAS AND GLOBAL LNG