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.

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.

Key dates

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

 

OPERATED BLOCKS	back to top

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.

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.