The 4,764 square-kilometer Azero block is located in a new gas-rich province in the Andes foothills in southeastern Bolivia. It is next to the Ipati and Aquio blocks, where Total made a major natural gas find in 2004.
According to the companies, the agreement with Yacimentos Petroliferos Fiscales Bolivianos (YPFB) and Gazprom strengthens the position of Total, which has operated in Bolivia since 1996. The group holds stakes in six licenses in Bolivia.
