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BG Group report first production from Margarita Phase 1 in Bolivia


Published May 2, 2012
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BG Group Chief Executive Sir Frank Chapman said: "Margarita Phase I, delivered safely and to plan, will give BG Group additional net production of some 17 000 barrels of oil equivalent per day (boepd), taking total net production from Margarita to over 25 000 boepd.

Already this year we have delivered new production from projects in Egypt, Norway and Thailand and, together with the successful start-up of Margarita Phase 1, these developments keep us on track with our programme to deliver average 6% to 8% per annum production growth through to 2020."

Margarita Phase I is expected to reach capacity in the second quarter of 2012. The project involved the construction of a new 77-kilometre network of gas gathering and export pipelines, four wells and gas processing facilities.

Tags: BG Group




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