BOLIVIA

(in South America)

CAPITAL: LA PAZ

POPULATION: 9 mm

AREA (on): 1,098,600 km2

OIL PEAK: 2020 (forecast)

SUPPLY

Oil production peaked in the mid-1970s but new NGL production associated with gas fields is leading to renewed growth in output, which should continue near a plateau for the next decade.

Large gas fields lie in the narrow sub-Andean basins that run through the centre of the country and output is increasing rapidly as additional fields are developed, in particular the San Alberto and San Antonio fields. Output growth is expected to continue to 2020 even with the country’s foreign investment uncertainties.

 

DEMAND

Bolivian oil consumption has increased since 2003 but is expected to increase only modestly over the next decade allowing room for minor exports of NGLs to neighbouring countries.

However gas consumption will grow rapidly in line with production. Exports, piped locally and perhaps eventually through to an LNG plant located on the Pacific coast, have also begun to increase, and will carry on increasing through to 2020.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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