Country Information
Brazil_invests_LNG_in_Paulínia_city 2006
Bolivia-Brazil Pipeline (BBP)
 Total capacity  30 mmcmd -1.06 Bcfd
3,150 km long 2,593 km in Brazil.
The project was developed through two different companies: Gas Transboliviano S.A. (GTB) that owns and operates the assets in Bolivia and Transportadora Brasileira Gasoduto Bolivia Brasil S.A. (TBG) that owns and operates the Brazilian portion of the pipeline.
Operation of the two pipelines is co-ordinated through an Interconnection Agreement.
Construction was completed in March 2000, at a cost of $2.2 billion, opening the Brazilian energy market to Bolivian gas reserves.
Shareholders (%) BBPP Holdings Limited   BG 33.3 TotalFinaElf  33.3 El Paso 33.3
Shareholders (%) BBP   Brazil   Bolivia
BBPP Holdings               29.0
BG                                                  2.0
El Pas                                             2.0
Petrobras                         51.0     11.0
 Enron                                4.0      17.0
 Shell                                  4.0      17.0
 Transredes                     12.0      51.0
Repsol YPF 3rd  Largest Oil Producer 2006
Brazils new field
Brazil Nat Gas Demand
BG participates in the Brazilian section
Brazil's Natural Gas Basins
 Bolivia's LNG market Economic/political situation
Bolivia refuses to lower gas export prices, quotas to Brazil 
Bolivia CAF to Prepare Residential Natgas Connections Tender  Petrobras Raises Gas Pipeline Investment to US$4bn
Brazil plans $15 million Urucu drilling program in 2005 

Repsol YPF 3rd  Largest Oil Producer in Brazil 2006
Repsol YPF 6/6/2006

Repsol YPF and the state-owned Brazilian oil company, Petrobras, have started production at the country's largest offshore floating platform, thus making the Spanish company the third largest oil producer in Brazil.

The Albacora-Leste field will have a production capacity of 180,000 bpd, and its development required an investment of nearly $2 billion.

The P-50 Albacora-Leste platform, in which Repsol YPF holds a 10% stake, is in the Campos Basin, in the state of Rio de Janeiro, anchored to the seabed at a depth of 1,240 meters and 120 km from the coast.

This project for 16 producing wells and 14 injection wells (all horizontal) has a compression capacity for 6 million m3 per day of gas, allows Brazil to be self-sufficient in oil.

Total certified reserves at the Albacora-Leste field are 534 million barrels of oil and 183 billion standard cubic feet (32.6 million boe) of gas, of which 409 million boe (barrels of oil equivalent) are proven. Net reserves for Repsol YPF in this project amount to 40.9 million boe.

P-50 Albacora-Leste is one of the most modern and complex production units in the world, and uses cutting edge technology which has made the project simpler, improved efficiency and considerably reduced costs.

Antonio Brufau, Chairman and CEO of Repsol YPF, stated that the start-up of this floating platform, the largest in Brazil and among the largest in the world, "is fruit of the extraordinary understanding with the Brazilian authorities and Petrobras, and forms part of Repsol YPF's strategy to associate with the state companies owning the reserves in the countries where we operate."

"Repsol YPF is one of the companies leading the way in the process of opening up the oil sector in Brazil," Brufau said, adding "Our participation in this great project responds to the company's policy of geographical diversification in the exploration and production of hydrocarbons in its upstream activities."

Repsol YPF in Brazil
Repsol YPF has been operating in Brazil since 1997, and is today that country's third largest oil producer, ranks second in refining capacity, and is the only integrated oil company throughout the oil chain, apart from the state-owned Petrobras.

Repsol YPF conducts exploration and production activities in Brazil, at 25 blocks in the offshore Santos, Campos and Espírito Santo basins. In refining, we have a refining capacity of 54 thousand barrels per day and hold a 30% stake in the REFAP and Manguinhos refineries.

The company also has a network of 320 service stations in the country; operations in lubricants, asphalt and specialties; and sells natural gas and LPG to nearly 700,000 customers.

Brazil plans $15 million Urucu drilling program in 2005 
Peter Howard Wertheim OGJ Correspondent RIO DE JANEIRO, Nov. 29

Petróleo Brasileiro SA (Petrobras) next year will begin a $15 million drilling program in the Urucu southeast basin, 650 km from Manaus in Amazon state.

Production from the onshore Urucu basin has peaked at 59,000 b/d of 49° gravity oil and 10 million cu m/day of natural gas. The oil output represents 4% of Brazilian production, most of which comes from offshore.
Surveys in the Urucu basin began in 1988.
Petrobras Raises Gas Pipeline Investment to US$4bn
BNAmericas 10/28/2004
Brazil's federal energy company Petrobras (NYSE: PBR) has raised to US$4bn from US$3.2bn the amount of investment in the country's natural gas pipeline networks through 2010, local press reported. "The company's directors met and detailed the plans for the gas sector just about 20 days ago," a Petrobras spokesperson told BNamericas. Total investment in the gas and energy sector under the company's 2004-2010 strategic plan is pegged at US$6.1bn, the spokesperson said. Petrobras did not detail the increase in the budget, only saying it resulted from the final construction plans, according to the spokesperson. The project plans to add about 4,700km to the country's existing 5,600km gas transport network, mainly by linking different regions and guaranteeing the gas flow from gas-producing regions to urbanized regions. The main project is the 1,200km Gasene pipeline that links the gas-producing southeast to the energy-deficient northeast. The pipeline would have capacity to transport 20 million cubic meters a day (mcm/d) that would allow gas-fired plants to start producing power. The US$1bn Gasene project, however, is still awaiting a preliminary environmental license from the federal environmental protection agency Ibama. The license is under analysis and has been given priority following the conclusion of the 27-day strike ended on October 26, an Ibama official told BNamericas. Only the Campinas-Rio de Janeiro pipeline has been awarded a license. Ibama is also analyzing the gas pipelines projects in the northeast in several different stretches. The other projects in the company's strategic plan include US$743mn investment in lines from the Urucu gas fields in the western Amazon region south to Porto Velho and east to Manaus, estimated investments of US$270mn in a 600km pipeline between Uruguaiana-Porto Alegre in the south of the country, and the Malhas project. Malhas includes a second 350km US$440mn pipeline linking São Paulo state's second largest city Campinas to Rio de Janeiro, as well as doubling the 1,270km existing pipeline network in the northeast, budgeted at US$770mn.
Brazil Gas Demand
Brazil's Natural Gas Basins

Bolivia's LNG market Economic/political situation

President Gonzalo 'Goni' Sanchez de Lozada took office Aug 6, but having failed to win a majority of the vote, he must form a coalition with another political party. Goni was the energy industry choice to be president and is perceived favorably by investors. He is the owner of Bolivia's largest mining company and was the architect of  Bolivia's privatization program that attracted many of the world's largest energy companies to invest in the country during the past five years. 

Natural gas is Bolivia's key export, and therefore a key determinant of Bolivia's economic outlook and political landscape. The country's proven reserves are around 50-trillion cubic feet (Tcf) while likely reserves may be as high as 70 Tcf. Bolivia has made use of this resource primarily through the exportation of gas to Brazil via the Bolivia-Brazil gas pipeline (Gasbol) – the largest private sector infrastructure project in South America. 

Bolivia's government is also partnering with an international private sector consortium to develop an LNG export project to North American markets (See Platts Guide to LNG for more information on Bolivia's LNG market). The government and consortium both favor building a pipeline to a Chilean port for export because it is closer to Bolivian gas fields and would cost less. Bolivia's political left wing opposes the project altogether, while the general public favors choosing a port in Peru because of an enduring border dispute with Chile.