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Margarita development phase complete

A group led by Repsol Bolivia has completed first-phase development of Margarita natural gas field, reported BG Group, a 37.5% partner.

BG said completion of the project adds production net to its interest of 17,000 boe/d, taking total net Margarita production to more than 25,000 boe/d.

The project included construction of a 77-km network of gas gathering and export pipelines, four wells, and gas processing facilities.

A second development phase will include a new processing train, flowlines, and at least three development wells. It will push BG net production to about 42,000 boe/d by yearend 2014.

Other interests in the Caipipendi Block encompassing the field are Repsol Bolivia, operator, 37.5%, and PAE E&P Bolivia Ltd. 25%.


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