The president of the Plurinational State of Bolivia, Evo Morales, and the president of Repsol, Antonio Brufau, have agreed that the company will lead a consortium composed of YPFB Andina, YPFB Chaco, Shell and PAE for the exploration of the Iñiguazú field.
The exploratory activities will be carried out in the area adjacent to the Margarita-Huacaya field, the largest in the country, also operated by Repsol.

The president of the Plurinational State of Bolivia, Evo Morales, and the president of Repsol, Antonio Brufau, have held a meeting in Bolivia, where they have agreed to explore the Iñiguazú field in a consortium led by Repsol as operator

After the meeting, an agreement was signed with the consortium participating in the project, formed by Repsol E & P Bolivia (15% and operator), YPFB Andina (46.555%), YPFB Chaco (13.445%), Shell (15%) ) and PAE (10%).

In the act of signing, Evo Morales has quantified "in about 900 million dollars the necessary investments", in the event that the operations are successful. For his part, Antonio Brufau has highlighted the commitment of the Spanish company to continue developing its activity in Bolivia.

The signing was made during the Forum of Gas Exporting Countries, which takes place this week in Santa Cruz de la Sierra.

The Iñiguazú block has an area of ​​644 km2 and is adjacent to the Caipipendi area, where Repsol already operates the Margarita-Huacaya field, the largest in Bolivia, with a production of 19 million cubic meters per day.

Repsol also has mining rights in Bolivia with a total of 31 blocks: 6 for exploration and 25 for development and production. In 2016, the Group's total net gas production in the country reached 2,390 million cubic meters (Mm³), mainly in the Margarita-Huacaya field, operated by Repsol.