PRESS RELEASE

Total announces increase in Incahuasi production to 11 MMmcd

By
Friday, August 31, 2018

This press release from Bolivia's Ministry of Hydrocarbons was published using an automatic translation system.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

The production level of the Incahuasi field will increase next year from 7.8 to 11 million cubic meters day (MMmcd) with the connection of the fourth well to the gas processing plant, the vice president of the company Total for South America announced Friday. Hugues Montmayeur.

"We are now looking at the future, what does the future mean for us? To develop more the production of the field and to make a fourth well that we are going to connect it next year (to the Gas Plant) and we will have a production level up to 11 million MMmcd of gas ", said the Total executive during his participation in the" 1st International Forum of Gas, Petrochemical and Green Fuels Bolivia 2018, which today culminates in Santa Cruz ".

The Incahuasi field currently records a production of 7.8 MMmcd. It started operating in 2016 and reached 6.5 MMmcd, according to the report of the Total executive.

"We are not going to stop here, we look at the future and what we are looking at now is the fifth well, Incahuasi 5 that we are drilling to the south of the field, to confirm the reserves we have there and resources that are expected more to the south, the objective is to optimize the production and connect this well immediately be discovered, "added Montmayeur.

For his part, Luis Alberto Poma, Vice President of Contract Administration and Control of YPFB, said that the methods and technology used in the state oil company have allowed the use of fairly standardized procedures for the improvement of the seismic image.

In turn, Gabriela Prete, country manager of Schlumberger Argentina, indicated that as a company they have had the experience and challenge to develop deposits more efficiently and quickly.