French oil major Total has put the Incahuasi gas and condensate field on stream in Bolivia.
The asset is the company’s first operated development in the country and has a production capacity of 50,000 barrels of oil equivalent per day.
The field lies more than 5,600 metres beneath the Andean foothills and is 250 kilometres from the city of Santa Cruz de la Sierra.
The first phase of the development involves three wells, a gas treatment plant and 100 kilometers of associated export pipelines.
Aranud Breuillac, President of Total Exploration and Production, said: “Incahuasi is one of the largest gas and condensate fields brought on stream in Bolivia. Incahuasi’s production will contribute to Bolivia’s gas exports to Argentina and Brazil as well as domestic consumption.
“Delivered within budget, Incahuasi is the 4th start-up this year and as a low-cost project with a long production plateau, it will contribute to the Group’s production growth in 2016 and beyond.”
Incahuasi is situated in the Aquio and Ipati blocks. The development is operated by Total (50%), with partners Gazprom (20%), Tecpetrol (20%) and YPFB Chaco (10%).
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