Start-up of Production from Itau Phase 2

Source: www.gulfoilandgas.com 1/31/2014, Location: South America

Total announces the start-up of production from Phase 2 of the Itau gas and condensate field located in Block XX (Tarija Oeste) in the Andean Cordillera foothills of Bolivia.

Building on the first phase of Itau, which commenced production in February 2011, Phase 2 triples production capacity to 5 million cubic meters of gas per day (35,000 barrels of oil equivalent per day). The entire gas production of Itau’s two phases 1 and 2 will be processed in a dedicated new unit on the same site as the facilities for the neighboring San Alberto field. As with Phase 1 production, Phase 2 production will be exported mainly to Argentina.

“Lifting Itau's production capacity allows us to keep pace with the region’s growing gas demand,” explained Ladislas Paszkiewicz, Senior Vice President, Total E&P Americas. “The start-up of Itau Phase 2 demonstrates Total’s long-term commitment to Bolivia, where we are also actively pursuing the development of the Incahuasi field.”

Total E&P Bolivie discovered the Itau field in 1999. The participation of Total E&P Bolivie represents 41% besides Petrobras (operator with 30%), BG Bolivia (25%) and YPFB Chaco (4%).


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