Investments on the block will be a gross $1.5 billion taking into account the other block consortium members.
Having concluded long-running talks over commercial terms with Bolivia’s state-run hydrocarbons company YPFB, Repsol outlined plans to achieve a sevenfold increase in output on the Caipipendi block to 14 million cubic metres per day.
Caipipendi harbours the Margarita field, where Repsol expects to achieve output of more than 8 MMcmd, and the more recent Huacaya discovery.
