Total looks beyond Bolivia's Incahuasi to regional gas market

viernes 16 de septiembre de 2016 09:33 GYT

* Total inaugurates Bolivia's Incahuasi gas projects

* Aims to hit over 7 mln cubic metres/day by end-Sept

* Targets gas exports to Argentina, Brazil

By Bate Felix

PARIS, Sept 16 (Reuters) - Oil and gas giant Total could start the second phase of its Incahuasi gas project in Bolivia as early as 2017 if the right market conditions and incentives for investments are in place, the company's director for the Americas said on Friday.

The $1.2 billion Incahuasi gas and condensate project which will officially be inaugurated on Friday, began production at three wells in August.

Total aims to ramp output to more than 7 million cubic meters of gas per day by the end of September, about 10 percent of Bolivian production, from 5.2 million as soon as a compressor is added to increase pressure, Michel Hourcard told Reuters.

He added that good quality condensate - the liquid byproduct of gas that can be made into motor fuels - was also being shipped from Incahuasi, helping to generate cash.

"We are preparing assessment for phase two of the project. We have said that we will carefully monitor the performance of the field. Depending on the market and conditions in Bolivia, we will be ready to launch phase two in early 2017," he said.   Continuación...