03 May 2015, News Wires – Repsol has made a gas discovery at a block in southern Bolivia where it is partnered by UK player BG Group.
The Spanish major hit gas pay at the Margarita 7ST well on the Margarita-Huacaya block in the Caipipendi area, it said.
It said, however, that investment in phase three of the Margarita-Huacaya development is set to reach $293 million by 2018.
Repsol operates the block on 37.5%, the same stake as held by BG. Pan American Energy (PAE) holds the remaining 25%.