BG Group's Bolivian gas field comes on stream
Oil and gas group BG has announced the first production from its Margarita gas field in Bolivia.
Oil and gas group BG has announced the first production from its Margarita gas field in Bolivia.
BG Group Chief Executive Sir Frank Chapman said: "Margarita Phase I, delivered safely and to plan, will give BG Group additional net production of some 17 000 barrels of oil equivalent per day (boepd), taking total net production from Margarita to over 25 000 boepd."
Chapman added that the group is on track to deliver the average 6% to 8% per annum production growth through to 2020 that it has targeted.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Margarita Phase I is expected to reach capacity in the second quarter of 2012. The second phase of development at the Margarita gas field, comprising the installation of a new processing train, flow lines and at least three additional development wells, will at capacity increase BG Group net production from the Margarita field to around 42 000 boepd by the end of 2014.
BG Group has a 37.5% interest in the Caipipendi block, which contains the Margarita gas field. Its partners on the block are the operator, Repsol Bolivia (37.5%), and PAE E&P Bolivia Limited 25 %).
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
-
Israel claims victory in the '12-day war' with Iran
Donald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran