New Gas Reserves Discovered In Margarita, Huacaya Fields In Bolivia

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In the Caipipendi Block in Bolivia, Madrid-based Repsol has discovered new gas reserves in the adjacent Margarita and Huacaya Fields in southern Bolivia. The new Margarita and Huacaya gas reserves were found at 6,000 m in H3 and H1C. Additional testing and evaluation is planned to determine the production potential. Repsol is the operator of the Caipipendi Block and the Margarita and Huacaya fields with 37.5% interest in partnership with BG Group, which holds another 37.5% interest, and Pan American Energy with the remaining 25%.