Gazprom, Total Held Talks on Exploration Activities in Bolivia

Gazprom held a meeting between Alexey Miller, Chairman of the Company’s Management Committee and Patrick Pouyanne, Chief Executive Officer and President of the Executive Committee of Total.

Both parties discussed the core issues of the bilateral cooperation, giving attention to the current status of the agreements on joint development of oil and gas fields in Bolivia. It was noted that the preparation of wells and the relevant infrastructure was well underway as part of developing the Ipati and Aquio gas deposits before the start of commercial production scheduled for 2016.

They also shared opinions regarding the project for joint development of hydrocarbon deposits in the Acero block. According to exploration data, the most promising structures within the contracted block are North Incahuasi and Ilinchupa.

Gazprom and Total point out high potential of exploration activities in new Bolivian blocks

The parties stressed the high potential of exploration activities in the new areas of Bolivia, taking into account the growth of gas consumption in the country.

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