Total to develop Bolivia's Incahuasi gas-condensate field

Total E&P Bolivia will develop Incahuasi gas-condensate field in Bolivia's Subandean region, with output expected to start in 2016, and will drill several more exploratory and appraisal wells on the Ipati and Aquio blocks to prove further potential of that field (OGJ Online, May 12, 2011).

The Total subsidiary took the final investment decision after drilling the ICS-2 exploratory well with a successful outcome.

A Total-led group will drill three wells, one on Aquio and two in Ipati, 250 km southwest of Santa Cruz. The development also involves a 230 MMcfd gas treatment plant and connecting pipelines. A large share of produced gas will be exported, the company said.

ICS-2 went to a total depth of 5,636 m and proved a hydrocarbon column 1,100 m thick in fractured Devonian Huamampampa sandstones. It is the second successful exploratory well on the Ipati block.

Total said it will also begin exploring the adjacent Azero block following the recent signature of agreements with state Yacimientos Petroliferos Fiscales Bolivianos (YPFB) and Russia’s OAO Gazprom.

Total E&P Bolivia operates Aquio and Ipati with 60% participating interest, Tecpetrol de Bolivia has 20%, and Gazprom has 20% pending final administrative approvals.

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