French oil major Total said the Itau gas field, located in the southern Bolivian province of Tarija, was ready to start production, with daily output estimated at 1.4 million cubic meters. A certificate of commercial viability for Itau was submitted to energy officials on July 31,

opening the way for the field to begin producing gas, Total said.
“Production from this field will be transported via the existing
infrastructure from the adjacent San Alberto field, which is operated
by Petrobras,” the French oil company said.
The start-up of the first phase of production from the field, in which
Total holds a 75 percent stake, is scheduled for mid-2010.
The Itau field was found in 1999 in West Tarija Block 20, which holds
“large reserves of gas and condensates” in the Huamampampa, Icla and
Santa Rosa reservoirs in southern Bolivia, Total said.
Total, which has been operating in the Andean nation since 1996, also
has a 15 percent interest in the San Alberto and San Antonio fields,
which mainly produce gas for export to the Brazilian market.
The French oil company, moreover, found the Incahuasi gas field,
located in an area between the southeastern province of Chuquisaca and
the eastern province of Santa Cruz in 2004.
Total has an 80 percent operating stake in Incahuasi.

Source: Latin American Herald Tribune

Search to find what you want

• SK Energy Opens 2nd Oil Field in Vietnam

    SK Energy said it has successfully tapped the 15-1/05 oil field in Vietnam, its second fruitful oil field there following the 15-1. Korea’s leading refiner has a 25 percent stake in the offshore field, located some 180 km southeast of Ho Chi Minh City. The remainder is owned by Petrovietnam

• CNPC Changqing Oil Field oil production by 15% from 23 February

    Changqing Oil Field, which is the second-largest oil field by yield and is owned by China National Petroleum Corp, had produced 2.49 million tons of crude oil as of Feb. 23 this year, 15% more than in the same period of last year, said CNPC in a statement yesterday. The

• China Sinopec is large natural gas field-Paper

    Sinopec Group, the parent of the top Asian refiner Sinopec Corp discovered a huge natural gas field near the southwestern Chinese city of Chongqing, the official Shanghai Securities News said on Tuesday. The gas field was initially estimated to hold reserves of more than 120 billion cubic meters of natural

• China s leading oil producer to the tripling of natural gas production

    Daqing Oilfield, China’s No.1 terrestrial oil producer, is expected to triple its natural gas production while stabilizing crude output in the years to come. Wang Yongchun, general manager of Daqing Oilfield Co. Ltd., confirmed Sunday his company would be producing 8 to 10 billion cum of natural gas annually by 2020,

• China s leading oil producer to the tripling of natural gas production

    Daqing Oilfield, China’s No.1 terrestrial oil producer, is expected to triple its natural gas production while stabilizing crude output in the years to come. Wang Yongchun, general manager of Daqing Oilfield Co. Ltd., confirmed Sunday his company would be producing 8 to 10 billion cum of natural gas annually by 2020,

• 20 Chinese ports is greater than 100m DWT in 2009

     China recorded 20 ports each with a cargo throughput exceeding 100 million DWT in 2009, according to the Ministry of Transport (MoT), Xinhua reported. Four new ports joined the 100 million DWT throughput levels in 2009, located respectively in Jiangyin city in Jiangsu province, Xiameny in Fujian province, Zhanjiangy in Guangdong

• Brazil Petrobras oil production slipping 0.7 percent in January

    Brazil’s state-run oil firm Petrobras said on Wednesday crude output in Brazil in January slipped 0.7 percent compared to the month earlier as it performed maintenance in the offshore Campos Basin. Production in Brazil was 1.973 million barrels per day (bpd) last month, Petrobras said in a press release, compared

• Petro China oil product storage tanks in central China start operation

    PetroChina’s oil product storage tank in Jiujiang city of Jiangxi province will start operation soon, a move for PetroChina to squeeze into the central China market. The Hukou tank, the biggest one in Jiangxi province, has a total storage capacity of 980,000 cubic meters and is expected to annually supply

• Iron ore imports in Hebei Hit All-Time High in 2009

    The iron ore imports of the northeastern Chinese province of Hebei increased by 60.59 percent in 2009, registering the highest-ever year-on-year increase and the highest-ever volume. General secretary of the province’s metallurgical industry association, Dayong Wang, told reporters that in 2009 Hebei Province imported 82.77 million mt of iron ore,

• China with a structural surplus of coal in 2009

    China is facing an apparent structural oversupply of coal despite of recovering coal demand in downstream sectors, said Li Ting, an analyst with an information services provider. The oversupply can be seen in both the regions of production and the types of coal. The consolidation of small coalmines in Shanxi

• China: Vice-President calls for increased efforts in the oil sector

    Chinese Vice President Xi Jinping Tuesday called for increased efforts to tap China’s oil resources to meet rising energy demands. He said the spirit of patriotism and dedication, which had nourished the development of the Daqing oilfield in the past five decades, must be followed in the oil production sector generally. Xi

• Pemex Output Fell 7.8% in July as a dive Cantarell

    Petroleos Mexicanos, the state-owned oil company, said oil output in July fell 7.8 percent to 2.561 million barrels a day as production from its Cantarell field kept sinking. A year earlier, daily production was 2.778 million barrels, Mexico City-based Pemex, as the company is known, said today on its Web site. Natural-gas

• Sinopec to boost gas production to ensure winter supply

    China Petroleum & Chemical Corp. will increase natural-gas production through January to a record to meet increased winter demand in the world’s fastest-growing major economy

• Shaanxi coal production to hit 270 million tonnes in 2010

    Shaanxi Province is expected to produce 270 million tons of coal in 2010, while consumption will reach an estimated 130 million tons, according to the China National Coal Association. Next year, the predicted coal consumption for chemical projects and for power generation will exceed 10 million tons and 50 million

• China, Chevron to jointly develop gas field in Sichuan

    China’s national oil and gas corporation, CNPC, and U.S. oil major Chevron have signed an agreement to jointly develop a gas field in the southwestern Chinese province Sichuan, the China Daily said on Friday