May 2013
Web Exclusive

Reginal Report: Latin America

Latin America is a continent of contradictions for oil and gas activity. Brazil’s 11th licensing round and is creating excitement for both offshore and onshore activities, but the country is experiencing declining production from mature fields. Political uncertainty is clouding prospects in Venezuela and Argentina. While Colombia has passed the 1 MMbopd milestone, lack of major discoveries has subdued expectations for the local oil and gas industry.

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