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A service for energy industry professionals · Thursday, July 19, 2018 · 456,017,412 Articles · 3+ Million Readers

Gazprom and Total express satisfaction with ongoing cooperation in oil and gas sector

Background

Total S.A. handles the whole range of operations in the oil and gas sector from production to sales of marketable products to end consumers.

Gazprom (20 per cent) in partnership with Total E&P Bolivie (50 per cent), TecPetrol de Bolivia (20 per cent), and YPBF Chaco (10 per cent) develops the promising Ipati and Aquio blocks, within which the Incahuasi field was discovered.

Gazprom and Total also implement a hydrocarbon exploration project in the Azero block. The project's shareholding structure at the geological exploration stage is as follows: Gazprom – 50 per cent and Total – 50 per cent.

Gazprom's interests in Bolivian projects are represented by Gazprom EP International B.V., a specialized company aimed at implementing hydrocarbon prospecting, exploration and development projects outside Russia. The company currently participates in some 40 projects based in two dozen countries on three continents.

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