Striking a balance and navigating a path forward amid decommissioning activity, new exploration opportunities and political unrest
How are politics influencing oil and gas industries in Brazil and Mexico? What effect are political and economic conditions in Venezuela having on hydrocarbon development? Can decommissioning lessons from the North Sea be applied to Gulf of Mexico operations? Learn more from our experts by accessing the content below.
Deep offshore perspectives in Latin America
As in many other parts of the world, oil and gas exploration in Latin America saw a dramatic decrease in the middle of the decade. Considering the number of wildcats spudded each year since 2008, conventional activity reached a historic low in 2016 with fewer than 100 wells drilled in the entire region, and only 17 wells in the deep offshore. Learn where activity is on the rise and which exploration areas are showing promise by reading this blog.
Expert:
Tiziana Luzzi, Technical Research Associate Director, IHS Markit
Answering critical well abandonment questions: Application of North Sea findings to GOM operations
With decommissioning activity in the Gulf of Mexico becoming more complex as Operators begin to shift focus from shallow water to deep water projects, the demand for data and experience in these operations has become increasingly important. Collaboration and data sharing between Operators has been in place on North Sea abandonments since 2008. Learn more about what data Operators are choosing to share via the Rushmore Abandonment Performance Reviews from IHS Markit to enable success in other regions by accessing this on-demand webinar.
Expert:
Fiona Main, Rushmore Abandonments Review Coordinator, IHS Markit
Brazil and Mexico: Opposite political systems in 2018 and the outlook for the respective oil and gas industries
In 2018, Brazil and Mexico held presidential elections and the results were complete opposites of the former political system ideologies. Brazil went to the right with the most market friendly government in its history, while Mexico swerved to the left with a government favoring the old command and control model and its national oil company, a model which Brazil utilised for many years but now rejects. Which political ideology will benefit the oil and gas industry and the respective countries the most?
Expert:
Michael Dyer, Technical Research Director, IHS Markit
The Vaca Muerta Play: Gaining competitive economics through operational efficiencies
Argentina's Vaca Muerta formation is viewed as Latin America's most promising area for the development of unconventional oil and gas resources, and is often compared to the prolific Eagle Ford formation in the United States. Active operators are enhancing the productivity of wells by implementing longer laterals and tighter frac stages, thus optimising efficiencies and cost structures. Read about current challenges, activity and keys to success in this expert blog.
Expert:
Siddhartha Sen, Director Energy Research & Analysis, IHS Markit
Oil and gas risk in Latin American hotspots
Brazil, Mexico, and Guyana represent critical E&P hotspots within Latin America. However, Brazil and Mexico appear to be embarking on divergent paths regarding E&P policy and upstream investment opportunities following presidential elections in both countries last year. And Guyana's game-changing deepwater discoveries are continuing against the backdrop of emerging political risks. What are the most important above-ground risks facing E&P investors in the Latin America
Expert:
Ford Tanner, Principal Analyst, Country E&P Terms & Above-Ground Risk, IHS Markit
Read blog and listen to podcast
Related Resources
- Venezuela's prospects: Political, economic and hydrocarbon insights [On-demand Webinar]
- Petrobras on the rebound: Brazilian National Oil Company's financial condition improves significantly, continued progress expected into the next decade [Research Note]
- Venezuelan darkness plagues production [Blog]
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