Repsol, BG Group, Others to Invest $2 Billion in Bolivia by 2015

Spain’s Repsol YPF SA, BG Group Plc and other energy companies plan to invest about $2 billion dollars in four Bolivian natural-gas fields over the next five years, the government said.
Repsol YPF SA, BG Group Plc and Pan American Energy LLC will jointly invest $1.3 billion in the Margarita and Huacaya fields by 2014, state-owned Yacimientos Petroliferos Fiscales Bolivianos, or YPFB, said in today in an e-mailed statement. YPFB, Repsol, Brazil’s Petroleo Brasileiro SA and France’s Total SA will invest $750 million dollars in the San Alberto and San Antonio gas fields, according to a separate statement.
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Source: Bloomberg