Though exploratory activity has decreased and production has remained practically unchanged for some time now, a new and aggressive set of tenders envisions turning around stagnant prospects.
According to the 2017 BP Statistical Review of World Energy, Ecuador holds 8 billion barrels of proved crude oil reserves.
IOCs and mid-sized players are seizing on Argentine President Mauricio Macri’s commitment to drive shale developments.
South America boasts plenty of unconventional prospects for local and foreign players to develop over the coming years, by some estimates, shale resources may amount to four times Colombia’s total reserves.
With the success of ExxonMobil’s Liza discovery, Guyana and Suriname are on E&Ps’ radars again. Could a Guyana-Suriname Basin be in the future?
By no means is Peru South America’s Qatar, but the South American country has the potential to become a natural gas development hub despite Argentina’s Vaca Muerta hype.
On June 19, Mexico's second oil tender kicks off with 36 players, 20 individual companies and 16 consortia trying to snag the best deal.
EOR and artificial lift systems are needed to rejuvenate the Cardenas-Mora and Ogarrio fields.
The Colombian government expects offshore discoveries to triple gas reserves.
The Trion, Maximino and Exploratus area could produce at least 500,000 barrels of oil equivalent of 3P reserves through farm-outs, some of which Pemex has received and others which it has already applied for.
