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 BOLIVIA
South America
Small and mid-size oil accumulations have been
productive in Bolivia since 1936 but these are now generally in decline.
Large undeveloped gas fields also lie in narrow sub-Andean basins
that run through the centre of the southern part of this country on the
Chaco Plains.
Bolivia’s remaining gas reserves have increased
substantially over recent years. The basinal area is well
explored, but, with gas now the main exploration target, oil
production in Bolivia is increasing due to increased output of NGLs.
The gas fields are progressively being developed, in
particular the San Alberto and San Antonio fields. Gas exports, which
began in 1972 to Argentina, now mostly go to Brazil through two
export lines, one from Santa Cruz de la Sierra to south-east Brazil and
another from San Miguel to Cuiaba.
Internal
consumption is less than 20% of total production capacity, used in electricity
generation and industry, and both Chile and Peru wish to receive output in the future. Pacific Coast LNG plants are
also being considered to export outside Latin America. However political issues are delaying investment
programs in the country.
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CAPITAL
La Paz
Population
9.0 million
Onshore area
(000's sq kms)
1,098.6
Offshore area
(000's sq kms)
NEW
OIL PEAK YEAR
forecast 2020 |
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