South America: Chile
August 2000 Vol. 221 No. 8 International Outlook SOUTH AMERICA Stuart Wilkinson, Contributing Editor Chile The economy
SOUTH AMERICAStuart Wilkinson, Contributing Editor ChileThe economy was flat in 1999 – the worst performance for over a decade. The country suffered a severe shock to its trade, owing to a collapse in the price of copper. Last year, state oil company ENAP opened opportunities for joint ventures in all of its best oil and gas fields – four on the country’s mainland, eight offshore and nine on Tierra del Fuego. Some of the fields are inactive, but others have been producing for 30 years. ENAP was looking for companies skilled in 3-D seismic acquisition, enhanced recovery, and horizontal and infill drilling. At the beginning of this year, Mining Minister Sergio Jiménez said that
the government would sell a 20% to 30% share in ENAP’s overseas exploration unit, Sipetrol. A private
partner would help the government finance Sipetrol’s $100-million investment plan for 2000. ENAP general
manager Alvaro García commented that the company could float a minority stake in Sipetrol. This idea
was one of several possibilities for injecting private capital into the company.
|
- Applying ultra-deep LWD resistivity technology successfully in a SAGD operation (May 2019)
- Adoption of wireless intelligent completions advances (May 2019)
- Majors double down as takeaway crunch eases (April 2019)
- What’s new in well logging and formation evaluation (April 2019)
- Qualification of a 20,000-psi subsea BOP: A collaborative approach (February 2019)
- ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing (February 2019)
