French gas and oil major Total said Wednesday it has started production at the Incahuasi gas and condensate field in Bolivia, bringing on stream 50,000 barrels of oil equivalent per day.
“ 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 ”, said Arnaud Breuillac, President of Total Exploration & Production.
The Incahuasi field lies at more than 5,600 meters beneath the Andean foothills, 250 kilometers from the city of Santa Cruz de la Sierra.
The first phase of the field development involves three wells, a gas treatment plant and 100 kilometers of associated export pipelines. The second phase of development, involving three further wells, is currently under consideration, according to Total.
The development is operated by Total (50%), with partners Gazprom (20%), Tecpetrol (20%) and YPFB Chaco (10%).