HR_29012014_Exploration_Day_2014_CNMV_tcm7-670726

Andean Region
Bolivia Caipipendi Block Remaining Prospectivity
• Margarita field discovered in 1997, early production first gas in
2004, Huacaya discovered in 2007.
• October 2013: Development Phase II completed, producing >14
MMm3/day.
• Development Phase III in progress, based on the Huacaya
volumes.
• The contract area contains remaining exploration potential with at
least three exploration leads identified along the trend.
• During 2014 Repsol will operate a 3D survey over Huacaya, and
two 2D surveys (259 km) to complete seismic coverage of the
block.
• Contingent on seismic results, exploratory drilling could resume in
2015-16.
• Caipipendi prospective resources could be significant (multi TCF)
and add value to current and future development phases
Boyui
Prospect
©
46