Repsol has begun production at the Margarita 6 well in the south of Bolivia which, with six million cubic metres of gas a day, is the most productive well in the history of the country and of the whole Sub-Andean basin, which extends to Bolivia, Argentina and Peru.
This well belongs to the second phase of Margarita-Huacaya, one of the ten key projects of Repsol's 2012-2016 Strategic Plan. The President of Bolivia, Evo Morales and Repsol Chairman Antonio Brufau inaugurated the enlargement of the Margarita gas processing plant at the beginning of October, which has exceeded all expectations, both for deadlines and production: the production volume was achieved one year early and today stands at 15 million cubic metres of gas a day, equivalent to 20% of Spain's gas consumption.
Margarita 6 is the second of four wells that Repsol will drill during the second phase of the Margarita-Huacaya project. Drilling commenced in April 2012 and ended on 5 October of this year, at a total cost of $74.5 million