Gazprom joins Ipati and Aquio projects, Gazprom
Release Date: 2010-10-06
On September 30, 2010 Gazprom Group and French petroleum company Total signed a share assignment agreement within the Bolivia’s Ipati and Aquio blocks exploration project.Upon the approval of this transaction by Bolivian authorities, the equity stake of Gazprom Group (Gazprom EP International B.V.) in the project will make up 20 per cent, Total – 60 per cent, TecPetrol – 20 per cent.
The project participants are planning to perform joint exploration and development within the Ipati and Aquio licensed blocks. According to tentative forecasts, gas production from the field will be started in 2013.
Gazprom Group and Total are rounding off negotiations with Bolivian state petroleum company YPFB on a joint project within the Acero block.
| Type: | NORMAL |
| Company: | Gazprom |
| Country: | Russian Federation |