Bolivia gets political with ‘new discovery’
Bolivia’s President Evo Morales has welcomed a huge gas discovery as a nice ‘surprise’ for his country, which is struggling to boost reserves. But it is not quite as it seems.
Repsol estimated it could begin production from fields in the Caipipendi region by 2019. (Repsol)
Claims made by the Bolivian government of a major gas discovery in the south of the country appear misleading and premature.
Bolivian authorities last week heralded what they described as a "new discovery" of 113 billion cubic metres of gas by explorer Repsol, but Natural Gas Daily has learned the claim was technically inaccurate – it referred instead to the results of the company’s seismic campaign.