10 major South American upstream Oil & Gas projects

[Tom Kirkman + 8,860]

Nicely written overview of O&G projects in South America.  With so much media focused on oil & gas in the Middle East and U.S. Shale, it's good to step back and look at the bigger picture around the world.

10 major South American upstream Oil & Gas projects

"Since the dawn of the hydrocarbon age, South America has been a prolific source of oil and gas supplies to an industrialising world. Whilst North America is today regaining its place as one of the world’s top producers thanks to its burgeoning shale industry, South America has an array of equally exciting unconventional resource plays (shale, deepwater etc) which are set to start producing during the course of the next decade, strengthening the region’s position as a major global hydrocarbon hub.

As oil majors and national operators alike seek to shore-up their proven reserves, they are increasingly viewing the deepwater basins off the coasts of South America as areas of exceptional potential. And the numbers bear this out. Research firm GlobalData expects E&P companies will invest an average capex of $12.7bn per year on oil and gas fields across South America between 2018 and 2025. Whilst Brazil will benefit from the lion’s share of this investment, other South American nations are also likely to see considerable E&P activity including Argentina with its enormous shale formations, whilst Venezuela is still home to massive reserves of heavy crude oil.

So with increased activity and investment on the way, these are the 10 major South American upstream oil and gas projects you need to know about…"

[Okie + 83]

Spam alert.  Your favorite Chinese spammer is back.

[James Regan + 1,776]

27 minutes ago, Tom Kirkman said:

Nicely written overview of O&G projects in South America.  With so much media focused on oil & gas in the Middle East and U.S. Shale, it's good to step back and look at the bigger picture around the world.

10 major South American upstream Oil & Gas projects

"Since the dawn of the hydrocarbon age, South America has been a prolific source of oil and gas supplies to an industrialising world. Whilst North America is today regaining its place as one of the world’s top producers thanks to its burgeoning shale industry, South America has an array of equally exciting unconventional resource plays (shale, deepwater etc) which are set to start producing during the course of the next decade, strengthening the region’s position as a major global hydrocarbon hub.

As oil majors and national operators alike seek to shore-up their proven reserves, they are increasingly viewing the deepwater basins off the coasts of South America as areas of exceptional potential. And the numbers bear this out. Research firm GlobalData expects E&P companies will invest an average capex of $12.7bn per year on oil and gas fields across South America between 2018 and 2025. Whilst Brazil will benefit from the lion’s share of this investment, other South American nations are also likely to see considerable E&P activity including Argentina with its enormous shale formations, whilst Venezuela is still home to massive reserves of heavy crude oil.

So with increased activity and investment on the way, these are the 10 major South American upstream oil and gas projects you need to know about…"

The geological formations of South America are a mirror image of West Africa, very similar.

GONDWANA

Edited August 22, 2019 by James Regan