Bolivia Signs $1.6 bln in Gas Deals with Repsol and Petrobras

Source: Reuters 11/22/2017, Location: South America

Bolivia’s government on Tuesday signed natural gas development deals with Spain’s Repsol, Brazil’s Petrobras, and Royal Dutch Shell that are expected to bring nearly $1.6 billion in investment into the sector and boost output, President Evo Morales said at an industry summit.

The deals cover blocks in the Iniguazu, San Telmo and Astillero gas fields. Repsol would lead the Iniguazu consortium with Royal Dutch Shell a minority partner, while Petrobras would lead the other two, he said. Bolvia’s state-run YPFB would be partner in all of the projects.

'We are very confident and we have hope,' said Morales, at the Gas Exporting Countries Forum (GECF). 'We are committed to secure transparent contracts.'

He said the projects could add about 21 million cubic feet per day, with early production coming on line as early as 2020 or 2021.

Antonio Brufau, Repsol’s CEO, said he expected the Iniguazu project to go well: 'As there is existing infrastructure (near Iniguazu), if the exploration phase succeeds, we will be able to supply gas to the market very fast,' he said.

Morales said he expected that project alone to bring in $900 million in investments.


Australia >>  8/15/2022 - • EP447 Joint Venture Partners agree to develop the Walyering Gas Project in the Perth Basin, with first gas sales targeted in Q1 2023.
• Gas ma...

United States >>  8/15/2022 - The U.S. House of Representatives, last Friday, passed the Inflation Reduction Act of 2022, which provides for historic investment on spending and tax...

United Kingdom >>  8/12/2022 - As the race to number 10 accelerates, Offshore Energies UK (OEUK) has written open letters to Rishi Sunak and Liz Truss asking them to help consumers ...
United Kingdom >>  8/12/2022 - Octopus Renewables Infrastructure Trust plc is pleased to announce that it has entered into an agreement to acquire a 51% ownership interest in the Cr...

United States >>  8/12/2022 - Ocean GeoLoop AS, the green tech company developing multifunctional environmental technologies based on nature’s own processes, announced a NOK ~100 m...
Germany >>  8/11/2022 - RWE is actively forging ahead with the implementation of its Growing Green strategy. In the first half of 2022, the Group invested about €2 billion in...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.