Bolivia is the third largest producer of hydrocarbons and the largest producer and exporter of Natural Gas in South America. As of January 2016, the country has over 300 bcm (9.9 tcf) of gas reserves, while proved gas reserves have increased threefold since 1995.
Key hydrocarbons projects include the Incahuasi gas and condensates field in the Andean Cordillera foothills developed by Total, which is set to produce at a rate of 6.5 mcm (230 mcf) of natural gas and close to 6,000 bpd of condensate. Other key project includes Repsol’s Margarita-Huacava gasfield that has a production capacity of more than 19 mcm (670 mcf) per day straddling the Tarija and Chuquisaca provinces.
Over the last few years, several downstream and gas processing facilities have come online such as the Rio Grande and Gran Chaco liquids separation plant, or are being developed including the propylene and polypropylene plant, and the Bulo Bulo ammonia and urea facility. This is in response from the government’s efforts to diversify the country’s economy and decrease dependence on fuels imports.
The 2016-2020 National Economic and Social Development Plan approved by the current government aims to develop the country’s energy potential and infrastructure, by investing in exploration, industrialisation of natural gas activities and an increase in power generation.
The Oil & Gas Year Bolivia 2017 will delve into these issues. It is being produced in partnership with the Minister of Hydrocarbons & Energy and the Bolivian Chamber for Hydrocarbons and Energy (CBHE) For a comprehensive view of the Bolivian market see our business intelligence platform TOGYiN. TOGYiN features over forty profiles on companies and institutions active in Nigeria’s oil and gas industry, and provides access to all our coverage and content, including our interviews with key players and industry leaders. TOGYiN currently covers thirty markets worldwide.
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