Tarija produces 71% of national natgas output in H1

- Friday, October 7, 2005

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Bolivia's Tarija department produced an average 804 million cubic feet a day (Mf3/d) of natural gas in the first six months of 2005 subject to royalty and tax payments, the ABI government news service reported.

Tarija's contribution amounts to nearly 71% of the total amount of natural gas produced in the country. Following Tarija was Santa Cruz department (19.2%), Cochabamba department (8.6%) and Chuquisaca department (1.7%), the statement said.

The local subsidiary of Brazil's federal energy firm Petrobras (NYSE: PBR), Petrobras Bolivia, produced an average 677Mf3/d of natural gas, representing nearly 60% of all royalties paid by private companies.

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Following Petrobras in terms of royalty payments were local companies Andina and Chaco, British Gas, and Argentina's Petrobras Energía, the statement said.

CONDENSATE LIQUIDS

Tarija was also the department that produced the most condensate liquids and natural gasoline through June this year, with an average of 26,146 barrels a day (b/d), representing 52.3% of the country's total production.

Following Tarija was Cochabamba (27.2%), Santa Cruz (17.2%) and Chuquisaca (3.3%).

Spanish oil company Repsol YPF (NYSE: REP) produced an average 12,640b/d, Chaco produced 7,871b/d and Andina produced 5,821b/d through June 2005.

LIQUIFIED PETROLEUM GAS

From January-June Santa Cruz department produced an average of 621 cubic meters a day (m3/d) of liquefied petroleum gas (LPG), or 38% of Bolivia's total LPG production.

Cochabamba followed with 27.2%, Chuquisaca with 19.1% and Tarija with 15.7% of the country's total LPG production.

Chaco produced 570m3/d of LPG (35.5%), followed by Andina (29%), BG Bolivia (13.8%) and Repsol YPF (10.8%).

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