LATIN AMERICA - Rest of Latin America

Ecuador
In Ecuador, Repsol YPF holds interests in two producing blocks,  with a net production level of 13,000 barrels/day, and in one exploration block (block 31). Reserves total more than 100 million barrels. Production has not yet reached its highest level due to the lack of transportation capacity. In the future, the construction of an oil pipeline will provide for a significant increase in production.


Colombia

In Colombia, the compa�a owns a small interest in the Ca�o Lim�n producing field, with about 10 million barrels of net reserves and interests in 5 exploration blocks.

Venezuela
In Venezuela, Repsol YPF has net reserves for over 130 million barrels, primarily crude. Production is of about 17,000 barrels per day. Repsol YPF has a presence in the prolific East and West basins, being the Operator in Quiriquire, Quiamare-La Ceiba and Mene Grande, and being partners in Guarico Oeste and Guarapiche.

Trinidad & Tobago
In Trinidad-Tobago, Repsol YPF is currently present in two exploration blocks. On the other hand it own an interest in the Liquefied Gas Plant. An agreement has recently been reached with BP-Amoco which includes the purchase on the part of Repsol YPF of a 30% interest of the BP-Amoco reserves in Trinidad and Tobago.

In the year 2000, Repsol YPF and BP-Amoco have discovered gas reserves estimated in 56 billion cubic meters, located in the Southeast of Trinidad. Repsol YPF�s net reserves in this new field total 17 billion cubic meters of gas, which is similar to Spain�s natural gas annual consumption.