LA PAZ Ė Spainís Repsol-YPF, Brazilís Petrobras, Franceís Total and Boliviaís YPFB have invested $65 million to drill a gas well in the southern province of Tarija.
Located in a field Petrobras operates in southern Bolivia, the San Alberto 15 well has been fully drilled to a depth of 7,884 meters (25,850 feet), the Brazilian company said in a statement.
It added that San Alberto 15 is the first well to be drilled in the second development phase of the large San Alberto field.
The two-year project required investment of $65.3 million, half of which was provided by YPFB Andina, whose shareholders are YPFB and Repsol; 35 percent by Petrobras; and 15 percent by Total.
The companies now are completing the work of connecting the well to the San Alberto gas processing plant, a project that will require an additional investment of $10.5 million.
San Alberto 15 is expected to come online in the second half of December with daily output of 1.7 million cubic meters per day of natural gas.
Bolivia produces an average of roughly 40 million cmd of natural gas and ships most of it to Brazil and Argentina, with the San Alberto field one of the main sources of the exported gas.