Markets

Total confirms gas discovery in Bolivia

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"We confirm that we have made a discovery in the Aquio block," said a spokeswoman at Paris-based Total, which has a 60 percent stake and is operator of the Aquio block.

Bolivian government and market sources said earlier in the day that the gas field in southeastern Bolivia was a major discovery that could initially produce 6.5 million cubic meters per day, a figure the Total spokeswoman declined to comment on.

Total will communicate within the coming days on its initial estimates of the size of the discovery, she said.

                 

Copyright Reuters, 2011